00008 Overview

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.

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 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.

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.

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.

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.