Ooredoo Qatar delivered a strong performance during the first quarter (Q1), boosted by Qatar’s "increasingly dynamic" economy and growing population.
Ooredoo Qatar said its first quarter revenue grew 6% to QR1.9bn (Q1, 2021: QR1.8bn) driven by growth in post-paid services, Ooredoo tv and B2B services.
EBITDA grew by 2% to QR977mn while EBITDA margin stood at 52%. Service revenue grew by 7% year-on-year. Total customer numbers were 3.2mn, up 6% year-on-year (Q1, 2021: 3mn).
All product lines saw stronger returns compared to Q1, 2021. Overall mobile customer base increased by 7% year-on-year, while the Ooredoo tv customer base grew by 8%, driven by the popularity of Ooredoo tv’s triple play service and an expanded range of content providers.
Ooredoo Qatar signed an agreement with Qatar Environment and Energy Research Institute (QEERI), part of Hamad Bin Khalifa University (HBKU), to collaborate on the joint development of innovative smart solutions including indoor and outdoor air quality solutions during the period and was announced as the Internet of Things connectivity enabler for Toyota’s new Lexus connected car services in Qatar.
The company continued to invest in sponsorship during the period, hosting the popular Ooredoo Marathon and sponsoring Smart City Expo Doha 2022, the Ooredoo Qatar Major 2022 and the 2022 Camel Racing Festival.
EBITDA grew by 2% to QR977mn while EBITDA margin stood at 52%. Service revenue grew by 7% year-on-year. Total customer numbers were 3.2mn, up 6% year-on-year (Q1, 2021: 3mn).
All product lines saw stronger returns compared to Q1, 2021. Overall mobile customer base increased by 7% year-on-year, while the Ooredoo tv customer base grew by 8%, driven by the popularity of Ooredoo tv’s triple play service and an expanded range of content providers.
Ooredoo Qatar signed an agreement with Qatar Environment and Energy Research Institute (QEERI), part of Hamad Bin Khalifa University (HBKU), to collaborate on the joint development of innovative smart solutions including indoor and outdoor air quality solutions during the period and was announced as the Internet of Things connectivity enabler for Toyota’s new Lexus connected car services in Qatar.
The company continued to invest in sponsorship during the period, hosting the popular Ooredoo Marathon and sponsoring Smart City Expo Doha 2022, the Ooredoo Qatar Major 2022 and the 2022 Camel Racing Festival.