Airtel Nigeria raked in N87.2 billion in revenue from data service alone within the space of 3 months between April and June 2022. Airtel Africa, the parent body of Airtel Nigeria disclosed this in its financial result for the quarter ended June 30, 2022, which represents Q1 2023 in the company’s financial year.
In the report, Airtel revealed that data usage per customer on the network increased from 3.8 GB per month last year to 4.6 GB this year. Customers’ consumption has increased by 19.1%. The company also stated that 4G data usage per customer reached 7.4 GB per month, a 45.6 percent increase from 5.1 GB per customer per month in the first quarter of this year. Airtel in a note to the financial report stated:
- “Revenue grew by 16.2% in reported currency to $517 million, and by 18.3% in constant currency. The differential in growth rates was due to the devaluation of the Nigerian naira by 1.8%. The constant currency revenue growth was driven by both customer base growth of 12.7% and ARPU growth of 6.8%, largely driven by higher data and other revenue.”
- “Data revenue grew by 24.8% in constant currency, driven by data customer base growth of 15.6% and data average revenue per user (ARPU) growth of 7.1%. As we continued our 4G network rollout, nearly all our sites in Nigeria (99%) now deliver 4G. For the Q1’23 period, 44.3% of our data customer base were 4G users, contributing to 77.7% of total data usage,” the company added.
However, voice revenue remained the most important for the operator, accounting for 50% of earnings, while data came in second with a 41% contribution. Data accounted for 38% of the company’s revenue in the same period last year.