Jio's User Base Soars Past 515 Million, ARPU Hits ₹213.7 on 5G Upgrades

• Jio Platforms Ltd added nearly 9 million subscribers in Q3, reaching a total user base of 515.3 million.
• Average Revenue Per User (ARPU) climbed to ₹213.7, a 5.1% year-on-year increase, driven by 5G-led upgrades and higher data consumption.
• Jio's 5G subscribers exceeded 250 million, accounting for over half of wireless data traffic, while JioAirFiber surpassed 11.5 million users globally.
• Jio Platforms reported a 12.7% YoY revenue increase to ₹43,683 crore and an 11.3% YoY net profit growth to ₹7,629 crore.
• Despite strong growth, analysts note muted ARPU growth for Jio compared to competitors like Bharti Airtel, anticipating potential price hikes.

Why It Matters: Jio's subscriber base and ARPU grew significantly in Q3, driven by 5G adoption and digital services.