Pccw Limited ( (PCCWY) ) has released its Q4 earnings. Here is a breakdown of the information Pccw Limited presented to its investors.
PCCW Limited is a Hong Kong-based company engaged in telecommunications, media, and other technology-related services, notably through its subsidiaries such as HKT and the Viu streaming service.
For the year ending December 31, 2024, PCCW Limited reported a 3% increase in revenue to HK$37,557 million and a stable EBITDA of HK$12,849 million. Key highlights include a 17% growth in Viu’s subscriber base to 15.5 million, strong performance in the Free TV & Related Business with revenue surpassing HK$1 billion, and a significant reduction in losses attributable to equity holders to HK$300 million.
PCCW’s HKT subsidiary saw a 2% increase in revenue excluding mobile product sales, reaching HK$32,031 million. The OTT Business, primarily driven by the Viu platform, recorded revenue of HK$2,458 million. Meanwhile, the Free TV & Related Business achieved an 11% revenue increase, bolstered by a robust artiste management and event segment.
Looking forward, PCCW remains focused on enhancing its video streaming and television platforms’ profitability and leveraging the stability of HKT. The company is committed to maintaining a prudent dividend policy amid economic uncertainties and aims to continue building a dynamic creative ecosystem in Hong Kong.