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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Cyfrowy Polsat
Cyfrowy Polsat (CPS) investor relations material
Cyfrowy Polsat Corporate presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Corporate presentation summary29 Oct, 2026
Strategic refocus
Strategy shifts focus to connectivity, content and convergence, with TMT as the core business and energy and real estate designated non-core.
Priorities include simplifying the structure, reviewing strategic options for non-core assets, reducing leverage and adapting costs for the AI era.
The update responds to rapid AI and streaming changes, digital distribution, macro volatility, generational leadership change and constraints from high leverage.
Potential non-core asset disposal proceeds are intended to reduce debt; attractive transaction terms are a priority, with support from leading banks.
TMT growth drivers
H1'26 B2C ARPU was PLN 82.8, churn 7.7% and RGU per customer 2.40; 3,039k customers used multiplay.
Multiplay penetration reached 54.6% in H1'26, leaving 45.4% of customers outside packages and scope for further cross-selling.
Growth plans combine multiplay, strategic partnerships, AI-led optimisation, fixed-line network modernisation and performance-based team incentives.
Vodafone cooperation targets customer-care automation, B2B growth and new services such as Network APIs, IoT and Travel SIM; Vodafone's benchmark cites customer-care cost reductions of up to ~20%.
YouTube distribution is intended to reach new audiences and monetise existing content; Google Cloud supports cloud and AI services for business customers and internal transformation.
Network and operating plans
Cellnex partnership targets 3,800 5G sites in the 3.6 GHz band by 2027 and 5,000+ additional sites by 2041 through passive infrastructure sharing.
Current 5G coverage reaches 77% of the population and 5G Ultra 45%; the target is ~100 Mb/s across 90% of the territory by 2028.
Radio access network modernisation using Nokia and Ericsson solutions is planned by 2030; technical cost growth is projected at 5-6% CAGR in 2026-2029 and 1-2% in 2029-2034.
2027-2028 plans include stabilisation, simplification, multiplay growth, 5G rollout, cost optimisation and non-core asset disposal; 2028-2029 adds network and B2B investment.
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Latest events from Cyfrowy Polsat
- Revenue grew, profit and FCF fell, while green energy investment accelerated toward 2026 targets.CPS
Q4 2023 - Revenue and net profit surged, driven by multiplay, 5G, and green energy growth.CPSQ2 2026
- Driving multiplay, green energy, and digital growth with strong financial and ESG performance.CPSInvestor presentation
- 2025 saw robust growth in green energy, multiplay services, and ESG-driven investments.CPSInvestor presentation
- Q1 2026 saw strong revenue, profit, and EBITDA growth, led by multi-play and green energy.CPSQ1 2026
- Revenue up, EBITDA down, net loss widened; strong multiplay and green energy growth.CPSQ4 2025
- Integrated TMT and green energy leader with robust ESG focus and rising leverage.CPSInvestor presentation
- Net profit jumped 236% YoY to PLN 609.6m on 5% revenue growth and strong green energy gains.CPSQ3 2024
- Revenue and EBITDA rose on green energy and ARPU growth, with stable media and broadband.CPSQ2 2024
Next Cyfrowy Polsat earnings date
Q3 202619 Nov, 2026
Cyfrowy Polsat
Next Cyfrowy Polsat earnings date
Q3 202619 Nov, 2026
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Frequently asked questions
Cyfrowy Polsat S.A. provides digital satellite platform, digital terrestrial television, and telecommunication services in Poland. It offers telecommunication services, including mobile voice and data services; and Internet services, as well as live sports, film, music, and television channels. The company also broadcasts news, cartoons, movies, and other programmes through its satellite platform.
In addition, it offers broadcasting of the terrestrial television on a network of fifteen transmitter stations covering 85% of the population in the populated area of the country; in-home communication services through networks based on technologies enabling the delivery of interactive TV, IPTV broadband Internet access, high definition TV with digital sound quality transmission using ADSL2+ technology; health insurance plans; credit cards; and fixed lines to business customers. The company was founded in 1996 and is based in Warsaw, Poland.