Citi Sees Room for Aussie Broadband to Beat Half-Year Subscriber Estimates
Citi analyst Siraj Ahmed says Aussie Broadband may top first-half subscriber forecasts, pointing to strong growth in app downloads ahead of its AGM.
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what happened
According to Market Talk, Citi analyst Siraj Ahmed believes the ASX-listed internet provider could exceed its subscriber projections for the first half. In a client note, he keeps a neutral rating and expects organic growth of 23,600 subscribers for the December half. His view is supported by download figures: the Aussie Broadband app recorded 55,000 installs in the September quarter, a 36% rise from a year earlier.
Ahmed expects management to reaffirm full-year earnings guidance at the annual general meeting on October 23, which could give investors a clearer picture of how the business is performing. At the time of reporting, shares were down 0.6% at A$4.105.
why it matters
For telecom companies, subscriber numbers are a key measure, so any sign of stronger-than-expected growth is closely watched by sector investors. The analyst's view remains an estimate rather than a company statement, and the AGM update will be the first official check on those expectations.
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sources
- Aussie Broadband's Organic Growth Could Surprise — Market Talk, 22 October 2026 at 01:16 UTC
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