On 8th August 2019 Optus announced its 1QFY20 earnings.
Revenues were up driven by mobile handset sales and NBN migration payments, in spite of a drop in mobile service revenues and continued weakness in the enterprise segment.
5G and Optus Sport remain the key growth areas going forward.
On 8th August 2019, Optus announced its 1QFY20 earnings update. Some of the key highlights from the announcement included:
Revenue of A$2,250mn, up 3.3% over 1QFY19 driven by a near 40% increase in mobile equipment and leasing revenues
Operating EBITDA increased 5% to A$687mn driven by higher NBN migration payments and lower staff, and selling and administrative costs
Overall net profit of A$105mn, down 32% over 1QFY19 driven by higher depreciation and a subdued contribution from Optus Business