MTS Announces Q3 2022 Results

November 16, 2022
  • Q3 2022 Consolidated Group Revenue increased 0.8% year-over-year to RUB 137.7 bn. Consolidated Group Revenue for 9M 2022 increased 3.0% to RUB 397.4 bn.
  • Q3 2022 Group OIBDA amounted to RUB 60.5 bn. Group Adjusted OIBDA for 9M 2022 amounted to RUB 168.7 bn.
  • Q3 2022 Group Net Profit amounted to RUB 12.3 bn. Group Net Profit for 9M 2022 reached RUB 27.1 bn.

MOSCOW, November 16, 2022 — Mobile TeleSystems Public Joint Stock Company (“MTS” or “the Company”) (MOEX: MTSS), a leading provider of digital and media services and Russia’s largest mobile operator, announces its third-quarter 2022 financial and operating results.

In Q3 2022, Consolidated Group Revenue increased 0.8% year-over-year to RUB 137.7 bn, primarily driven by the Company’s Telecom, Fintech, and Media verticals. Group OIBDA amounted to RUB 60.5 bn, supported by growth in all main business-lines. In Q3 2022, Group Net Profit amounted to RUB 12.3 bn.

Viacheslav Nikolaev, President & CEO, commented: “MTS continues to implement its long-term business strategy by developing a digital services ecosystem based on a leading telecoms platform. However, the level of external uncertainty remains extremely high.

We have more than doubled the number of users of our MTS Premium ecosystem subscription and MTS Cashback loyalty service year-over-year. It’s important to note the continued growth of our digital businesses - KION, MTS Entertainment, MTS Music, MTS Stroki and others. We also continue to invest in new areas such as MTS Travel, Smart Home and cybersecurity.

I would also like to point out the solid development of the B2B services based on IoT, artificial intelligence and big data analytics. We have launched a number of products for small and medium-sized businesses that help entrepreneurs in day-to-day operations. We are also strengthening our leadership in biometrics, with tens of millions of data samples.

At the same time, MTS continues to provide high-quality communication services, which remain a fundamental necessity in all kinds of economic environment. I am confident that our ability to provide seamless networks and a convenient customer experience in our ecosystem through the expansion of our service portfolio underpins business resilience even in the face of economic constraints”.