TalkTalk has revealed that its quarterly revenue for the quarter ending June 30th has slipped from £387m to £358m due to the impact of the pandemic.
However, it noted that the fall to both revenue and margin has been offset against its cost cutting measures – with all key costs reportedly to be vastly lower than last year.
The firm now believes it is on a positive trajectory and is expecting a strong second quarter, possessing a positive outlook for the first half of the year overall:
“As the UK’s internet usage continues to soar, our role as the UK’s only scale affordable provider of Fibre broadband has become even more important. Given this, we see a positive outlook to H1 and are confident in our full year plan to deliver stable to growing Headline EBITDA with strong cash conversion.”Tristia Harrison, CEO
There has also been signs of improvement in June and July. B2B Ethernet is now at pre-pandemic levels and it has signed a number of B2B contracts during the period.