Summary by Futu AI
PCCW Limited ("PCCW") announced its interim results for the six months ended June 30, 2024. Unaudited consolidated revenue increased by 5% to HKD 17.698 billion, and EBITDA increased by 1% to HKD 5.672 billion. The number of paid users on Viu reached 11.7 million, and the number of digital members on ViuTV reached 3.2 million. Revenue of HKT, PCCW's Hong Kong operations, increased by 3% to HKD 15.683 billion. OTT business revenue increased by 12% to HKD 1.089 billion, and free-to-air television and related business revenue increased by 23% to HKD 0.48 billion. Interim dividend per ordinary share is HKD 0.0977. PCCW is committed to providing high-quality services and entertainment, and driving profit growth through prudent expansion of video streaming and local television businesses. The company's strategic focus is on localized content to increase market penetration and attract users. During the period, the company strengthened its relationships with partners to expand its market and distribution channels. HKT's stable financial performance and prudent dividend policy provide attractive returns for shareholders.
