The company building the national broadband network expects to connect its 1 millionth active user later this month and exceed its full-year revenue target of $300 million.
For the nine months to the end of March, nbn reported a loss of $1.95 billion, up from $1.4 billion in the previous corresponding period.
The infrastructure builder last week passed 2 million premises ready for NBN services and chief executive Bill Morrow said he expects there be to more than 1 million active users by the end of the month.
"The acceleration of the build and activations has also led to greater than planned revenues, part of this is due to the higher than anticipated data consumption once connected to the NBN network," Mr Morrow said.
"In March of this year, the average download per month on an NBN service was 114 gigabytes, an increase of 56 per cent from the 73 gigabytes a year earlier. This growth coincides with the update of video streaming services, in fact as statistics show, people on the NBN consumer approximately one third more data than the ABS national average per month."
In the first three quarters of the financial year, nbn has record $275 million in revenue, up from $108 million in the previous corresponding period.
The government-owned business has stepped up its fibre-to-the-node rollout with 350,000 ready for NBN services and over 60,000 active connections.
"The fibre-to-the-node network is reaching into new areas every month and we are pleased to confirm that we have finalised agreements with power utilities in all states for access to infrastructure and the supply of power for nodes," Mr Morrow said.
"We have experienced a small number of teething problems, but we are learning quickly and we will continue to work with our retailers to ensure capacity levels are managed and processes are defined as thousands of people are connected every week – a pace which we find very encouraging.
The broadband builder is set to launch its service over the cables, which provide internet and cable television in metropolitan areas, it bought from Telstra and Optus in 2014. Redcliff, Queensland is set to be the first area to go live on the hybrid fibre-coaxial network with 10,000 premise when the product launches at the end of June.
