Orange posts strong quarter, but mixed picture for TV numbers

Orange had 11.8 million TV customers globally at the end of of the second quarter, down sequentially from 11.9 million, but up year-on-year from 11.6 million.

In France, the operator had over 7.926 million TV homes at the end of Q2, down from 7.907 million in the previous quarter but up from 7.,846 million last year.

In Europe outside France, the operator had 3.856 million TV customers, down from 3.992 million in Q1.

In Spain, Orange’s local unit had 1.139 million TV customers, down from 1.206 million in Q1 but up from 693,000 in Q2 last year.

The total number included OTT subscribers, where Orange Spain added 328,000 OTT customers in the third quarter of last year.

The Spanish unit also staged something of a commercial recovery, with earnings rising significantly.

In Poland, Orange had 937,000 TV customers, down from 943,000 in Q1 and down also from 970,000 in Q2 last year.

At a group level, Orange highlighted its growth in convergence, reporting 11.6 million convergent customers, up 0.8%

Christel Heydemann

Orange overall saw its revenue rise by 2.6% on a comparable basis in Q2 to €10.9 billion. EBITDAaL fell by 0,2% to €3.3 billion.

“Our first-half results are in line with our objectives for 2023. They confirm the relevance of the implementation process initiated in the context of our ‘Lead the Future’ strategic plan and provide confidence for the achievement of our 2025 objectives. In Europe and in France, our quarterly results in retail services show the positive momentum of our value strategy, underpinned by price increases the benefits of which in France will be fully visible in the second half of the year,” said CEO Christine Heydemann.

“We can also confirm the continuing recovery in Spain, where EBITDAaL rose by 11% in this first half. The excellent performance in Africa and the Middle East is down to our investments in the network, the satisfaction of our customers and the very strong rebound of Orange Money. These results offset those of Orange Business, whose EBITDAaL was still sharply lower despite a 2.4% increase in revenues in the second quarter. Our teams are fully focused on executing our transformation plan there. I would like to express my sincere thanks for the work of all the Group’s teams who dedicate themselves daily to the achievement of our objectives. Together we’re transforming and building the Orange Group of tomorrow, ensuring its sustainability and its competitiveness with agility and confidence.”