Odido Q2 24: Fixed going from strength to strength, but mobile lagging behind
The fixed business continues to perform well for Odido, but the same can not be said for mobile, where subs growth is now negative, and MSR growth is close to zero. In aggregate, SR has declined again to +3.1% y/y (MSR +0.1% and FSR +11.9% y/y) from +3.9% y/y. Odido is doing a good job of converting the SR into EBITDA growth, but the lack of ARPU and MSR growth is a bit of a concern.
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