Digi shows robust growth in Romania, while expanding in Spain and Italy

Romanian PayTV market leader Digi Communications has reported a 19% increase in revenues for Q3, 2022 to €385 million, citing strong customer growth as the reason for its strong results. The company also gave a bullish update on its Spanish operations, where revenues hit €128m, and Italy, up 15% to €7.1m.

Serghei Bulgac

Digi said it now has 20.1m users (aka revenue generating units) across its three core territories. This is a 15% year on year increase and 2.7m units up on Q2. The company said fixed users increased in Q3, thanks to the expansion of the PayTV customer base, which added 0.3m users, and the growth of the broadband segment by 11% to 4.1m. The company’s Romanian PayTV subscriber base is now 5.36m – up 6% year on year.

Serghei Bulgac, CEO of Digi Communications, said: “We are delighted to have ended this quarter with accelerated growth and solid results in our largest markets, Romania and Spain. While recent economic developments have affected us, our achievements reflect the strong position we have built over the years through continued investment in state-of-the-art infrastructure and technology. We remain committed to expanding and improving our service offering in our existing markets as well as beyond.”