Jio Continues To Dominate: 25 Crore Users Consumed 771 Crore GB In 90 Days!
Jio has released their quarterly financial report, and the charts are all green.
Reliance Industries have posted their quarterly financial report, and the numbers once again confirm this: Jio is right now ruling the Indian telecom market, and they will continue to do so in the next year.
Here are some major highlights of Jio’s financial numbers:
Number Of Subscribers Breaks All Record
The big news: Reliance Jio has crossed 250 million subscribers mark, in 25 months, and till now, no other telecom company anywhere in the world has been able to accomplish this feat.
At the time of writing, Reliance Jio has 252.3 million or 25.3 crore subscribers.
Total of 37 million new users was added in the last quarter, compared to 28.7 million new subscribers last quarter. Hence, the Q2 of 2018 has been the best quarter for Jio, in terms of adding new users.
Fewer Subscribers Are Leaving Jio
Out of 250 million customers, only 4.7 illion left Jio to join another network. Hence, for the quarter, gross additions were 41.7 million subscribers, with a churn rate of just 0.66%.
Data Consumption At An All-Time High
In the quarter ending September 2018, a total of 771 crore GB of data was consumed by Jio’s 25 crore subscribers.
Hence, on an average, a single user is consuming 11 GB of data in a month.
Video Consumption Driving Data Consumption
So, where did those 771 crore GB of data went?
Mainly, it was video consumption, as per Jio’s financial data. Overall, 410 crore hours of videos were watched by Jio users in a month. On an average, 17.5 hours of video was watched by a single user, per month.
Jio Users Are Also Using Voice A Lot
Not only data, but voice too found prominent usage by Jio users.
On an average, each Jio user talked for 17.5 hours per month. Call drop rate for this quarter was 0.14%, lowest in the telecom industry. Overall, 53,379 crore minutes of voice was consumed by 25 crore susbcribers.
Jio’s post paid plans with International calling and International Roaming were specially mentioned as being popular with the users.
ARPU Dips Slightly
However, Average Revenue Per User in the last quarter dipped slightly for Jio.
Against Rs 135.5 ARPU last quarter, Jio earned Rs 131.7 ARPU this quarter. This slight dip of Rs 3.8 ARPU was offset by the massive number of new subscribers joining them this quarter.
For the quarter ending September 2018, Reliance Jio posted revenues of Rs 9240 crore from operations, which signifies a growth of 13.9% quarter on quarter.
Profits stood at Rs 681 crore, and EBITDA of Rs 3,573 crore (13.5% QoQ growth) and EBITDA margin of 38.7%.
Jio also said that demand of their Jio Gigafiber services is receiving a healthy response from 1100 cities, all over the nation. Since Reliance will soon take controlling stake in DEN and Hathaway, which are market leaders in cable TV, we can soon witness Jio dominating the cable industry as well.
We will keep you updated, as we receive more information.