On 15th August 2019, Telstra announced its FY19 earnings.
Falling ARPUs and NBN related impacts outweighed subscriber gains resulting in earnings declines.
The Australian telco market remains competitive with nearly all sub-segments experiencing varying degrees of pricing pressure. Telstra as the market leader is most at risk as competitors increase share across different segments..
On 15th August 2019, Telstra announced its FY19 financial results. Some of the key highlights from the announcement include:
Revenue of A$27.8bn, down 3.6% over FY18 driven by competitive pressures across all segments of the Australian telco market
EBITDA decreased 21.7% to A$8.0bn driven by Telstra absorbing about A$0.6bn of the negative impact from the NBN in FY19. The remaining decline in EBITDA was mainly driven by lower mobile revenues and lower revenues from Data and IP
Overall net profit of A$2.1bn, down 39.6% over FY18 driven by higher restructuring costs associated with Telstra’s T22 strategy and NBN related headwinds