Orange’s revenues are on the rise
Orange historically experienced considerable fluctuations in its worldwide revenue. After nearly annual revenue decline from 2008 to 2014, Orange’s earnings have been gradually recovering. By 2023, the company reported over 44.1 billion euros in revenue. Unsurprisingly, Orange consistently achieves its highest revenues in France, reporting an impressive 17.7 billion euros there in 2023. Europe (excluding France) was the second-largest market for Orange, with over 11.5 billion euros in revenue in the same year. Additionally, Orange’s strategic presence in Africa and the Middle East contributed significantly, with a revenue of 6.9 billion euros. In terms of revenue segments, Orange saw its mobile services as the largest contributor, generating over 14.5 billion euros in 2023. Following closely, fixed-line services ranked second, trailed by convergent services and wholesale revenues.Beyond revenue, Orange’s profitability remained strong, with the company’s operating income amounting to nearly five billion euros in 2023. Moreover, Orange’s intangible assets value has been increasing annually, amounting to over 39 billion euros in the same year, with software and telecommunication licenses representing the company’s largest assets.
Mobile services as Orange’s lifeline
Orange’s subscriber base has consistently expanded in recent years, mirroring its revenue growth. In 2023, Orange boasted over 36.8 million mobile subscribers in its French home market, up from 33.1 million in 2018. Notably, Africa and the Middle East accounted for an impressive 149 million subscribers during that year.Nonetheless, the same cannot be said for its fixed-line segment. Orange’s fixed-line subscriber base has been slowly decreasing in recent years, falling from over 45.3 million subscribers in 2022 to around 44.5 million subscribers in 2023. The decline in fixed-line subscriptions is not exclusive to Orange but represents a global downward trend of fixed-line service usage. The use of fixed-line services globally has generally declined due to increased cellular connectivity usage as well the popularity of messaging and VOIP platforms like WhatsApp and Facebook Messenger.
Overall, Orange is poised to uphold its robust revenue growth trajectory in the coming years. Simultaneously, it is anticipated to continue increasing its mobile subscriber base, thereby offsetting any potential downturns from its fixed-line subscriber segment.