PCCW Hopes to Launch More Programs in 2H25 to Boost Rev. & Profit from Free TV Biz
PCCW Financial Performance: PCCW reported a 29% year-on-year decline in revenue from its Free TV & Related Business for the first half of 2025, with EBITDA dropping by 48%. However, upcoming key drama broadcasts are expected to improve revenue and profitability in the second half of 2025.
Cost-Saving Measures and Advertising Stability: Despite a weak consumption market in Hong Kong, PCCW's advertising revenue remained stable, aided by effective cost-saving measures and an AI-enabled business restructuring that has improved operational efficiency and brand awareness.
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PCCW Reports 13% Year-Over-Year Increase in Yellow Viu Subscription Revenue; Focus on High-Growth Markets
User Growth: Viu's paid user base increased by 1.3 million year-over-year, reaching a total of 16.8 million subscribers.
Revenue and Strategy: Subscription revenue grew by 13% year-over-year, driven by optimized premium package pricing and a focus on high-growth markets.
New Initiatives: The group plans to launch new initiatives, including a collaboration with HBO Max and a streaming bundle of Asian and Hollywood content in Southeast Asia.
User Engagement: A new Viu short drama launched in January achieved a user penetration rate of over 11% within the first three weeks.
PCCW Reports Annual Loss of $253M; Final Dividend Per Share Stays at $28.48 Cents
Annual Results: PCCW reported a narrowed loss of $253 million for the year ended December 2025, compared to a loss of $300 million the previous year, with a loss per share of $3.27 cents.
Dividends: The company declared a final dividend per share of $28.48 cents, maintaining the same level as last year, resulting in a total annual dividend of $38.25 cents, unchanged year-over-year.
Revenue Growth: PCCW's total revenue for 2025 reached $40.252 billion, reflecting a 7.2% increase year-over-year, with HKT-SS revenue rising by 5% to $36.553 billion.
Segment Performance: The OTT Business revenue grew by 5% to $2.579 billion, while revenue from Free TV & Related Business decreased by over 2% to $1.034 billion year-over-year.
HKT-SS Secures Proposal for Additional Investment in Subsidiary
HKT-SS and PCCW Joint Announcement: HKT-SS has received an acquisition offer from CM Capital to buy an additional 9% equity interest in Regional Link Telecom Services from PCCW, along with 9% of certain shareholder receivables.
Investment Terms Under Finalization: The involved parties are currently finalizing the terms of the investment, although it is uncertain whether the investment will proceed.
HKT-SS Risks Business License Revocation by US FCC, Given Deadline to Respond by December 1
FCC Action: The US Federal Communications Commission (FCC) plans to revoke the business operation license of HKT-SS, a subsidiary of PCCW, and has issued an "Order to Show Cause" requiring HKT to respond within 30 days.
Response Extension: HKT requested an extension for its response deadline, initially set for 30 days, which the FCC approved, extending it to December 1.
US FCC Aims to Revoke Business License; HKT-SS Evaluating Circumstances and Preparing Response to Authorities
FCC License Revocation: The US Federal Communications Commission (FCC) intends to revoke the telecommunications license of HKT-SS, a subsidiary of PCCW, and has issued an Order to Show Cause for justification against the revocation.
Company Response: HKT-SS is reviewing the FCC's order and plans to respond appropriately, emphasizing its commitment to stakeholders amid the potential impact on its operations.
US FCC Plans to Cancel Operating License of HKT's US Subsidiary
FCC License Revocation: The US Federal Communications Commission (FCC) plans to revoke the operating license of HKT International due to national security concerns related to its ties with China Unicom Americas.
Impact on Services: If the revocation is finalized, HKT International will be prohibited from providing both international and domestic telecommunications services in the US, following a trend of similar actions against other Chinese telecom operators.
PCCW Reports 13% Year-Over-Year Increase in Yellow Viu Subscription Revenue; Focus on High-Growth Markets
User Growth: Viu's paid user base increased by 1.3 million year-over-year, reaching a total of 16.8 million subscribers.
Revenue and Strategy: Subscription revenue grew by 13% year-over-year, driven by optimized premium package pricing and a focus on high-growth markets.
New Initiatives: The group plans to launch new initiatives, including a collaboration with HBO Max and a streaming bundle of Asian and Hollywood content in Southeast Asia.
User Engagement: A new Viu short drama launched in January achieved a user penetration rate of over 11% within the first three weeks.
PCCW Reports Annual Loss of $253M; Final Dividend Per Share Stays at $28.48 Cents
Annual Results: PCCW reported a narrowed loss of $253 million for the year ended December 2025, compared to a loss of $300 million the previous year, with a loss per share of $3.27 cents.
Dividends: The company declared a final dividend per share of $28.48 cents, maintaining the same level as last year, resulting in a total annual dividend of $38.25 cents, unchanged year-over-year.
Revenue Growth: PCCW's total revenue for 2025 reached $40.252 billion, reflecting a 7.2% increase year-over-year, with HKT-SS revenue rising by 5% to $36.553 billion.
Segment Performance: The OTT Business revenue grew by 5% to $2.579 billion, while revenue from Free TV & Related Business decreased by over 2% to $1.034 billion year-over-year.
HKT-SS Secures Proposal for Additional Investment in Subsidiary
HKT-SS and PCCW Joint Announcement: HKT-SS has received an acquisition offer from CM Capital to buy an additional 9% equity interest in Regional Link Telecom Services from PCCW, along with 9% of certain shareholder receivables.
Investment Terms Under Finalization: The involved parties are currently finalizing the terms of the investment, although it is uncertain whether the investment will proceed.
HKT-SS Risks Business License Revocation by US FCC, Given Deadline to Respond by December 1
FCC Action: The US Federal Communications Commission (FCC) plans to revoke the business operation license of HKT-SS, a subsidiary of PCCW, and has issued an "Order to Show Cause" requiring HKT to respond within 30 days.
Response Extension: HKT requested an extension for its response deadline, initially set for 30 days, which the FCC approved, extending it to December 1.
US FCC Aims to Revoke Business License; HKT-SS Evaluating Circumstances and Preparing Response to Authorities
FCC License Revocation: The US Federal Communications Commission (FCC) intends to revoke the telecommunications license of HKT-SS, a subsidiary of PCCW, and has issued an Order to Show Cause for justification against the revocation.
Company Response: HKT-SS is reviewing the FCC's order and plans to respond appropriately, emphasizing its commitment to stakeholders amid the potential impact on its operations.
US FCC Plans to Cancel Operating License of HKT's US Subsidiary
FCC License Revocation: The US Federal Communications Commission (FCC) plans to revoke the operating license of HKT International due to national security concerns related to its ties with China Unicom Americas.
Impact on Services: If the revocation is finalized, HKT International will be prohibited from providing both international and domestic telecommunications services in the US, following a trend of similar actions against other Chinese telecom operators.
