Indian telco giant Jio posts $1.2 billion in EBITDA.
Jio Platforms has completed its third quarter to December 31st with ₹22,858 crore in revenue, approximately $3.1 billion, which is an increase of 30% on its performance from the same time last year. The telco increased its earnings before interest, tax, depreciation, and amortisation (EBITDA) by 120% from ₹3,857 crore in the third quarter of last year to ₹8,483 crore this year. This flowed through to a 158% increase in net profit to ₹3,489 crore. As of the end of 2020, Jio said it had just shy of 411 million customers, with average monthly revenue per user sitting at ₹151, or $2.
