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Communication operator lifecell announced financial and operational results for the fourth quarter of 2023 and all year. Last year was successful for the company — it was able to increase its revenue and active subscriber base.
In 2023, lifecell's income increased by 24.4% per year — to UAH 11.7 billion (versus UAH 9.4 billion in 2022). In the fourth quarter of 2023, the operator's revenue increased by 20.5% — to UAH 3.1 billion (versus UAH 2.6 billion in the fourth quarter of 2022). This increase in revenue is mainly due to growth in ARPU (average revenue per user) and increased consumption of data services.
For the year, adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) increased by 25% — up to UAH 6.8 billion (UAH 5.4 billion in 2022). In the fourth quarter of 2023, adjusted EBITDA grew 22.2% on an annual basis — to UAH 1.8 billion (versus UAH 1.5 billion in the fourth quarter of 2022). At the same time, in 2023, adjusted EBITDA margin for the year increased by 0.2 points — up to 58.1%. In the fourth quarter of 2023, this figure increased by 0.8 points — up to 58.6%.
Over the year, lifecell's capital investments increased by 39.9% — to UAH 4.2 billion versus UAH 3.0 billion in 2022. In the fourth quarter of 2023, this figure increased by 17.4% — to UAH 1.2 billion (compared to UAH 997.4 million in the fourth quarter of 2022).
In 2023, the lifecell operator received a profit of UAH 2.6 billion against a profit of UAH 972.3 million in 2022. At the same time, in the fourth quarter of 2023, profits grew by 116.5% — to UAH 885.1 million (compared to UAH 408.8 million in the fourth quarter of 2022).
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Active 3-month subscriber base in 2023 grew by 16.5% — to 9.9 million subscribers compared to 8.5 million in 2022. The active 3-month ARPU indicator increased in 2023 by 21.2% and amounted to UAH 110.9 compared to UAH 91.5 in 2022. At the same time, 12-month active MOU (average minutes) decreased by 18.5% in 2023, and in the fourth quarter of 2023 — by 14.9%.
The penetration rate of smartphones in the lifecell network at the end of 2023 reached 73.9%.
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