Steady year-on-year performance anchored on data growth momentum and operational efficiency
SUBANG JAYA, 17 October 2018 - Digi.Com Berhad (Digi) announced steady Q3 2018 performance today, recording RM1,475 million in service revenue and a healthy EBITDA of RM725 million or 46% margin. Increasing data consumption on its network remains the key contributor to its performance, fuelling growth across its postpaid and prepaid internet business as well as new digital businesses, and contributing to the company's expanded 11.8 million subscriber base this quarter.
Data traffic grew 60% y-o-y during Q3 2018 driving overall internet revenue up by 18.4% y-o-y and 1.5% q-o-q to RM817 million, which now constitutes 55.4% of service revenue. The company also reflected strong 4G LTE customer growth to 7.5 million and increased smartphone adoption at 77.4%, with customers using 9.1GB on average each month on its network.
In driving increased internet and digital services uptake among customers, the MyDigi self-serve app has steadily recorded 21.9 million in upsell transactions over a broader base of 2.8 million monthly active users. Building on its analytics capabilities, Digi introduced the app’s new Rewards and Box of Surprise features to better serve its various customer segments with personalised offers and rewards from over 500 brands at 7,000 locations. MyDigi will serve as an important enabler for growth moving forward.
Digi's CEO Albern Murty said, "This was a busy quarter for us as we focused on capturing data demand on our network while maintaining margins in the current market environment. Our strategy is to focus on our postpaid, internet and digital capabilities to efficiently deliver high-quality services to customers while being financially disciplined. And we remain deeply committed to enable more Malaysians and businesses to benefit from relevant, affordable mobile and digital services across the country."
Steady Q3 2018 Financials
RM million 3Q18 2Q18 Q-o-Q Y-o-Y Service revenue 1,475 1,484 (0.6%) (0.1%) EBITDA 725 743 (2.4%) (0.3%) EBITDA margin 46% 47% (0.7pp) (0.2pp) PAT 368 359 2.5% (4.4%)
Innovating easy, affordable access to quality network and digital services in Q3 2018:
More information on Digi's Q3 2018 performance is available at www.digi.com.my/investors.
We are a mobile connectivity and internet services provider enabling 11.8 million Malaysians to get the most benefit out of an increasingly connected world. With a strong legacy of product and service innovation delivered on Malaysia's widest 4G Plus network, Digi has an ambition to become customers' favourite digital partner, providing relevant, personalised and engaging digital products and services that will further enable all Malaysians' digital lifestyles. This is because we believe digital communication empowers everyone to improve their lives, build societies and secure a better future for all. Listed on Bursa Malaysia, Digi is part of global telecommunications provider Telenor Group and is a leader in driving progressive and responsible business practices. For more information about Digi, visit www.digi.com.my.
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