Summary by Moomoo AI
In the first half of 2024, despite slow global economic growth and changes in consumer spending patterns, PCCW maintained steady performance due to its well-balanced business portfolio and strong performance in the media business. Viu's paid subscribers reached 11.7 million and added over 110 new productions, driving subscription growth. ViuTV's digital memberships reached 3.2 million and managed 65 artists. Revenue increased by five percent to HKD 17.698 billion, and EBITDA increased by one percent to HKD 5.672 billion. As for Hong Kong Telecom, roaming revenue increased by 55 percent annually, and 5G users accounted for 46 percent of the postpaid customer base. PCCW declared an interim dividend of HKD 9.77 per ordinary share for the six months ended June 30, 2024.
