A representative of Tinkoff Mobile said that in 2023 the operator recorded
Posted: Tue Jan 21, 2025 7:18 am
ComNews compared revenue and net profit of large MVNOs based on accounting (financial) reporting data. ComNews rounded all values.
According to datareporting, Tinkoff Mobile LLC continues to be the leader in revenue among banking MVNOs. In 2023, it amounted to RUB 11.2 billion, which is 97% more than in 2022, when it was RUB 5.7 billion. However, the net loss amounted to RUB 34.4 million (-134%), while in 2022, a net profit of RUB 102.5 million was recorded.
a twofold increase in its germany whatsapp resource subscriber base. "Active growth of the subscriber base ensured an increase in both revenue and expenses. We invested a lot in attracting, used outreach media tools, including TV advertising, which led to a decrease in profits in the reporting period, but will have a positive effect in the future," said a representative of the operator's press service.
Among the significant events, the MVNO press service representative noted the launch of nine new regions in partnership with MTS and the launch of the free service "We'll protect or return your money", which protects accounts from telephone scammers.
"Tinkoff Mobile" showed excellent dynamics, this was expected, the company consistently increases sales to the large customer base of Tinkoff banking services, - believes the general director of "TMT Consulting" Konstantin Ankilov.
Leading analyst at Mobile Research Group Eldar Murtazin said that Tinkoff Mobile's revenue growth is due to an increase in the number of subscribers. He also explained why a loss was recorded: "It and Sber do not necessarily have to be in the black: they primarily work on retention, and for them, customer loyalty to MVNO is an additional anchor that ties a person to the ecosystem. They do not want to make money here. The economy has changed, prices have changed, so a small loss has appeared. In terms of the costs of attracting and retaining customers for Tinkoff, this is insignificant money."
Revenue of Sberbank-Telecom LLC (SberMobile) in 2023 increased by 24.5%, to RUB 3.2 billion, while in 2022 it was RUB 2.5 billion. In 2023, net profit increased to RUB 31 million.
The revenue of New Mobile Communications LLC (Gazprombank Mobile) amounted to RUB 574.3 million in 2023. This is 104% more than in 2022, when it was RUB 281.9 million. The operator also reduced its loss by 2%: it amounted to RUB 387 million, while in 2022 it was RUB 396.7 million.
VTB Mobile LLC ended 2023 with revenue of RUB 336.7 million, which is 46% more than in 2022, when revenue was RUB 231 million. Also last year, VTB Mobile received a net profit of RUB 47.7 million, while in 2022 there was a net loss of RUB 62.7 million. Net profit growth was 176%.
If we single out the four banking MVNOs into a separate segment, then the market shares by revenue in 2023 among its participants are distributed approximately as follows: Tinkoff Mobile - 73.15% of the market, SberMobile - 20.9%, Gazprombank Mobile - 3.75% and VTB Mobile - 2.2%.
According to datareporting, Tinkoff Mobile LLC continues to be the leader in revenue among banking MVNOs. In 2023, it amounted to RUB 11.2 billion, which is 97% more than in 2022, when it was RUB 5.7 billion. However, the net loss amounted to RUB 34.4 million (-134%), while in 2022, a net profit of RUB 102.5 million was recorded.
a twofold increase in its germany whatsapp resource subscriber base. "Active growth of the subscriber base ensured an increase in both revenue and expenses. We invested a lot in attracting, used outreach media tools, including TV advertising, which led to a decrease in profits in the reporting period, but will have a positive effect in the future," said a representative of the operator's press service.
Among the significant events, the MVNO press service representative noted the launch of nine new regions in partnership with MTS and the launch of the free service "We'll protect or return your money", which protects accounts from telephone scammers.
"Tinkoff Mobile" showed excellent dynamics, this was expected, the company consistently increases sales to the large customer base of Tinkoff banking services, - believes the general director of "TMT Consulting" Konstantin Ankilov.
Leading analyst at Mobile Research Group Eldar Murtazin said that Tinkoff Mobile's revenue growth is due to an increase in the number of subscribers. He also explained why a loss was recorded: "It and Sber do not necessarily have to be in the black: they primarily work on retention, and for them, customer loyalty to MVNO is an additional anchor that ties a person to the ecosystem. They do not want to make money here. The economy has changed, prices have changed, so a small loss has appeared. In terms of the costs of attracting and retaining customers for Tinkoff, this is insignificant money."
Revenue of Sberbank-Telecom LLC (SberMobile) in 2023 increased by 24.5%, to RUB 3.2 billion, while in 2022 it was RUB 2.5 billion. In 2023, net profit increased to RUB 31 million.
The revenue of New Mobile Communications LLC (Gazprombank Mobile) amounted to RUB 574.3 million in 2023. This is 104% more than in 2022, when it was RUB 281.9 million. The operator also reduced its loss by 2%: it amounted to RUB 387 million, while in 2022 it was RUB 396.7 million.
VTB Mobile LLC ended 2023 with revenue of RUB 336.7 million, which is 46% more than in 2022, when revenue was RUB 231 million. Also last year, VTB Mobile received a net profit of RUB 47.7 million, while in 2022 there was a net loss of RUB 62.7 million. Net profit growth was 176%.
If we single out the four banking MVNOs into a separate segment, then the market shares by revenue in 2023 among its participants are distributed approximately as follows: Tinkoff Mobile - 73.15% of the market, SberMobile - 20.9%, Gazprombank Mobile - 3.75% and VTB Mobile - 2.2%.