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Vodafone Q1 2016 earnings report: revenue down, 4G adoption thriving, growth in AMAP
Vodafone is one of the biggest cellular networks in the world, offering services in over 30 different countries and holding 340 million subscribers in its top markets. Needless to say many heads are facing towards them when financial reports emerge, and the latest one brings some interesting information to the table.
While Vodafone is huge, their numbers aren’t always as impressive as their fame. The quarter ending on June 30th shows an overall 4.5% drop in revenue when compared to last year’s same quarter; revenue decreased from €14,007 million to €13,377 million.
But not everything is bad news here. Vodafone does boast continued growth in AMAP (Africa, Middle East, Asia, Pacific), with numbers looking good in India (6.4%), Turkey (19.5%), Egypt (9.4%) and South Africa (4.4%). In addition, 4G adoption has doubled to 52.2 million users. 5.7 million of those 4G units were added during Q1.
In Europe, Vodafone has managed to stay stable despite lower roaming fees. Germany, Spain and Italy have seen increases of 1.6%, 1.3% and 1.2%, relatively. Meanwhile, things are not looking as good in Germany,
Things are also looking grimmer in terms of the number of subscribers. Vodafone did add 26,000 contract subscribers, but they also lost 249,000 prepaid users.
Vodafone seems to be having problems in multiple areas, but things are looking pretty good in others. In general, we say there is not much to worry about yet.