Polsat Plus Group's Strong Performance in Q3 2024
Key Ideas
  • Polsat Plus Group excelled in Q3 2024 with a 3.6% YoY revenue growth, a 14.4% YoY increase in adjusted EBITDA, and a remarkable over 144% YoY rise in net profit.
  • The group expanded its 5G network coverage, offering 5G Ultra with data speeds of up to 1 Gbps to 16 million people and fixed-line Internet access to 10 million households and 23 million individuals.
  • The company diversified its TV programming by adding Bundesliga, Ligue 1 McDonald's matches, and Formula 1 racing to Polsat Sport and Eleven Sports channels.
  • Polsat Plus Group ventured into green energy production, generating 772 GWh of electricity from Renewable Energy Sources (RES) and initiating the trial production of green hydrogen in Konin.
In Q3 2024, Polsat Plus Group in Poland witnessed substantial financial and operational success. The company experienced a 3.6% year-over-year growth in revenues, a notable 14.4% year-over-year boost in adjusted EBITDA, and a significant over 144% year-over-year surge in net profit. The group expanded its 5G network coverage to 25 million people and introduced the 5G Ultra network with data speeds of up to 1 Gbps to 16 million individuals. Furthermore, Polsat Plus Group extended its fixed-line Internet access to over 10 million households and 23 million people. The addition of Bundesliga, Ligue 1 McDonald's matches, and Formula 1 racing to Polsat Sport and Eleven Sports channels enhanced the company's TV programming. Moreover, the company entered the green energy sector, producing 772 GWh of electricity from Renewable Energy Sources (RES) and commencing the trial production of green hydrogen in Konin. Polsat Plus Group's exceptional performance was recognized through various achievements such as becoming the leader in the mobile category and obtaining a 64 million PLN grant from the European Climate, Infrastructure, and Environment Executive Agency (CINEA) for constructing hydrogen refueling stations. Overall, the company's holistic growth strategy encompassing telecommunications, renewable energy, and television broadcasting segments propelled its success in Q3 2024.
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