Jio has revealed its user base Climbed to 186.6 million in Q1 2018 up from 160.1 million it had announced in the past quarter, with 26.5 million new users added at the period.Announcing its results for the quarter, the Mukesh Ambani-promoted Jio also said its average revenue per user (ARPU) stood at Rs. 137.1 in the January-March period, lower compared to Rs. 154 ARPU it noted to the previous three months; chief rival Airtel plus a fall in ARPU this year, from Rs. 123 to Rs. 116. Jio also claims that at 0.25 percentage, its client churn is the cheapest in the telecom market.
Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited (RIL) said concerning the Q1 2018 outcomes, “A full-blown social, cellular and digital revolution has been underway throughout the planet, and I am glad that India isn’t being left behind whatsoever with the advent of Jio. The powerful financial consequences of Jio at a competitive marketplace environment illustrates the robustness of the Jio business model and ability to offer the maximum value to our customers and partners. Jio has demonstrated that it can scale and preserve its strong financial performance”
Jio states that its subscribers throughout the country have 506 crore GB information in Q1 2018, with 9.7GB average data intake per user per month. Similarly, for voice calls, the total calling traffic on the system was 37,218 crore minutes throughout the period, with the average subscriber consuming 716 minutes per month. The operator also said the video consumption stands at over 240 crore hours per month on its network, and a mean customer viewing roughly 13.8 hours of movies in a month.
While the company didn’t disclose how many components of Jio Phone 4G-enabled handset it marketed, it did say, “The growth in subscriber base is becoming further accelerated with the increasing accessibility of Jio Phones.”
As for the financials, Jio — that went profitable for the first time in the Dec 2017 quarter — stayed in the black, with a net profit of Rs. 510 croresthough a few have contested Jio’s accounting methods. This represents a 1.2 percent growth in net profit over the last quarter. Likewise, the earnings stood at Rs. 7,128 crores in the previous quarter, up 3.6 percent.
It was in the previous quarter which Jio obtained a majority stake in audio streaming service Saavn and merged its own JioMusic support with it. Also, it gave a free 1-year expansion to Prime membership to all readers who had paid for the support before March 31, 2018.