The MTN Group, a South African-based multinational telecommunications company, generates most of its revenue from mobile products and services. In 2022, their outgoing voice revenue amounted to about 4.27 billion U.S. dollars, slightly less compared to the previous year. In contrast, revenue from data usage reached some 4.26 billion U.S. dollars that year, marking a significant increase of over 700 million U.S. dollars in revenue for the data segment. The data segment has been on a growth trajectory since 2019 and could overtake the voice segment next year as MTN Group's most revenue-generating segment.
Revenue of MTN Group from 2019 to 2022, by segment
(in million U.S. dollars)
Characteristic
Outgoing voice
Incoming voice
Data
Digital
Fintech
SMS
Devices
Wholesale
Other
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Year ended December 31st. Figures for 2022 were converted from South African Rand (ZAR) to USD at the exchange rate of 1 ZAR - 0.05876 USD (December 31, 2022). Figures for 2019 to 2021 were converted from South African Rand (ZAR) to USD at the exchange rate of 1 ZAR - 0.06267 USD (December 31, 2021).
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MTN Group. (March 30, 2023). Revenue of MTN Group from 2019 to 2022, by segment (in million U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1074488/mtn-group-revenue-by-segment/
MTN Group. "Revenue of MTN Group from 2019 to 2022, by segment (in million U.S. dollars)." Chart. March 30, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1074488/mtn-group-revenue-by-segment/
MTN Group. (2023). Revenue of MTN Group from 2019 to 2022, by segment (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1074488/mtn-group-revenue-by-segment/
MTN Group. "Revenue of Mtn Group from 2019 to 2022, by Segment (in Million U.S. Dollars)." Statista, Statista Inc., 30 Mar 2023, https://www.statista.com/statistics/1074488/mtn-group-revenue-by-segment/
MTN Group, Revenue of MTN Group from 2019 to 2022, by segment (in million U.S. dollars) Statista, https://www.statista.com/statistics/1074488/mtn-group-revenue-by-segment/ (last visited July 22, 2024)
Revenue of MTN Group from 2019 to 2022, by segment (in million U.S. dollars) [Graph], MTN Group, March 30, 2023. [Online]. Available: https://www.statista.com/statistics/1074488/mtn-group-revenue-by-segment/