Kyivstar Group Q2 Earnings Call Highlights

Kyivstar Group (NASDAQ:KYIV) reported quarterly gross of $339 million, up much than 19% twelvemonth implicit year, arsenic maturation successful its telecom operations and expanding integer ecosystem led the institution to rise its full-year outlook for a 2nd time.

CEO Oleksandr Komarov said EBITDA accrued astir 14% to $188 million, portion equity escaped currency travel roseate much than 32% to $104 million. The company's integer gross accrued 83% twelvemonth implicit twelvemonth to $74 cardinal and represented 21.7% of full revenue, compared with conscionable implicit 14% a twelvemonth earlier.

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"Our telecom halfway is resilient. Our integer ecosystem keeps scaling," Komarov said. "The 2 businesses acceptable each other."

Telecom maturation driven by lawsuit worth and usage

Telecom and infrastructure gross roseate astir 9% to $265 million, generating EBITDA of $157 cardinal astatine a 59% margin. Digital operations produced $31 cardinal successful EBITDA, representing a 42% margin.

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Kyivstar's mobile subscriber basal declined astir 3% from a twelvemonth earlier to 21.8 cardinal customers. Komarov attributed the diminution chiefly to customers discontinuing secondary, lower-revenue SIM cards, arsenic good arsenic demographic trends and seasonality. He said the company's marketplace stock remained dependable astatine astir 47% based connected interior and third-party estimates.

Management emphasized lawsuit prime implicit subscriber volume. Annualized churn declined by astir 1 percent constituent to conscionable implicit 14%, portion mobile mean gross per user, oregon IRPU, accrued much than 11% to $3.90. Monthly information usage per lawsuit roseate much than 18% to astir 15 GB, and 4G penetration exceeded 70%.

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