Summary by Moomoo AI
PCCW Limited ('PCCW') announced its mid-year performance for the six months ending June 30, 2024. Unaudited consolidated figures show that revenue increased by 5% to HKD 17.698 billion, and EBITDA increased by 1% to HKD 5.672 billion. The number of paying subscribers for Viu reached 11.7 million, and the number of ViuTV digital memberships reached 3.2 million. Hong Kong Telecommunications' revenue increased by 3% to HKD 15.683 billion, OTT business revenue rose by 12% to HKD 1.089 billion, and revenue from free television and related businesses grew 23% to HKD 0.48 billion. The interim dividend per ordinary share is HKD 0.977. PCCW is committed to providing high-quality services and entertainment, and through careful expansion of its video streaming and local television businesses, it aims to drive profit growth. The company's strategy emphasizes localized content to increase market penetration and attract users. During the period, the company strengthened its partnerships, expanded market coverage, and distribution channels. Hong Kong Telecommunications' stable financial performance and prudent dividend policy provide attractive returns for shareholders.