OIBDA of the Group
RUB bln
OIBDA impacted mainly by personnel motivation and one-offs
- The Group’s OIBDA showed a 2% decrease YoY, mainly due to:
- increase in staff motivation costs
- ICO and investments in new businesses
- noticeable increase in MTS Bank reserves against the background of changes in the macroeconomic situation
- The positive driver in the dynamics of OIBDA was the contribution of Telecom, Media and Retail verticals, which reflects the high results of telecom services, further development of OTT services and retail sales.
By the end of 2022, MTS demonstrated stable operation in a changing external situation. In the current environment, we are focused on the uninterrupted provision of quality services for our customers, as well as on ensuring business continuity.
It is important to emphasize that the strategy we implement for the development of an ecosystem of digital services on the platform of a strong telecom has once again confirmed its relevance. MTS ecosystem revenue by the end of 2022 increased by 67% and amounted to more than RUB 100 billion. Despite the high level of external uncertainty, we continue to record the growth of our digital verticals: MTS Media, MTS Entertainment and others. We also note the success of new area and products, such as MTS Travel and MTS Lines.
MTS President