- Revenues grew by +14.2% year-on-year in the first quarter of 2023, reaching a total of 699 million euros.
- EBITDA in this period reached 245 million euros, an increase of +10.5% compared to the same period in 2022.
- Investment amounted to 111 million euros in the first quarter of the year, an increase of +7.7% compared to the same period last year, reaffirming Altice Portugal's commitment to investing in Portugal and in next generation networks.
In the first quarter of 2023, Revenues and EBITDA reached 699 million euros and 245 million euros, representing year-on-year growth of +14.2% and +10.5%, respectively, registering a robust financial performance in the first quarter of 2023. Altice Portugal combines growth with profitability, despite the competitive context and economic uncertainty, underpinned by the reliability of its networks, a diversified and innovative portfolio of products and services, the continuous improvement of service quality and customer relations.
Investment in this period amounted to 111 million euros, reaffirming the commitment to the global transformation of infrastructures, innovation and investment in the country. Altice Portugal continues to invest in densifying mobile coverage - 5G (91.1%) and 4G (99.9%), as well as in fiber optics, with 6.2 million homes passed across the country, connecting people and companies with the best technology available. Also contributing to this is Altice Labs, Altice Portugal's innovation laboratory, which exports technology made in Portugal to the world, supported by its continuous commitment to Research & Development.
According to the most recent reports released by ANACOM for the fourth quarter of 2022, MEO remains the leader in all Services.
In January 2023, the MEO brand was recognized by Portuguese consumers, during the Consumer Choice 2023 event, as the No. 1 Consumer Choice brand in the categories: "Home Services", through the MEO Care service, and "5G". That same month, MEO was also awarded the Five Star Prize in three different categories: Unlocked Smartphones, Television apps and Electricity.
During the first quarter of 2023, Altice Portugal continued its actions to promote network efficiency, following market trends in upgrading technology and state-of-the-art equipment, converging to reduce energy consumption.
In the first quarter of 2023, operating performance maintained its positive trend. Control of disconnections continues at historic levels and customer acquisition remains sustained, which has allowed the Fixed Services Base to increase by +5.3% over the last 12 months, with the Subscription Television Service Customer Base growing by +4.2%.
All of Altice Portugal's Segments and Lines of Business grew Revenues in the first quarter of 2023, due to the continued expansion of the Customer Base, the diversification of the portfolio of increasingly digital services, the commitment to innovation and quality of service, factors which proved to be decisive for the positive evolution recorded.