Cyfrowy Polsat Exceeds Expectations with Strong Q2 Earnings

Grupa Cyfrowy Polsat has reported a stronger-than-expected financial performance for the second quarter of 2026. Total revenues reached 3.69 billion PLN, marking a 2.9% increase year-on-year. This growth surpassed analyst expectations, with adjusted EBITDA rising by 3.6% to 853.4 million PLN. The company's net profit saw a substantial surge of 52.7%, reaching 172.5 million PLN, significantly outperforming market forecasts and signaling a positive reaction from investors.

The primary driver for the revenue increase was the rising average monthly bills for telecommunication services, including television, internet, and mobile plans offered under brands like Plus, Plush, Netia, and Polsat Box. Individual subscribers paid an average of 83.5 PLN (plus VAT) per month, a 6.5% increase from the previous year. Corporate clients also saw a rise in spending, with monthly expenses increasing by 2.8% to 1.59 thousand PLN.

Despite the revenue growth, the group experienced a slight decline in its individual customer base, falling by 122,000 year-on-year to 5.57 million. However, the number of contracted services increased by 303,000 to 13.37 million. The company also adjusted its historical data for internet access users, removing approximately 200,000 unused SIM cards from its statistics. The television segment, however, faced a weaker quarter compared to the previous year, a trend not entirely unexpected given market conditions.

While the core telecommunications business showed resilience and growth, the performance of the television stations under Telewizja Polsat was less robust. This downturn in the media sector is attributed partly to seasonal factors, such as Easter, and potentially missed opportunities in the advertising market. Despite these challenges in the television division, the overall financial results for the group indicate a strong operational performance, particularly in its core services.