2026-04-01 09:02User Growth and Engagement - Viu added 1.3 million paid users, reaching a total of 16.8 million paid subscribers, with strong performance in Thailand, Indonesia, and Malaysia[20]. - ViuTV's digital membership increased by over 3.6% to 3.4 million, with viewing time rising by 6.7%[22]. - Viu introduced over 200 new productions, including popular Korean dramas and localized content, driving significant user engagement[21]. - Viu's short drama format launched in January 2026 achieved over 11% viewing penetration within the first three weeks[21]. - The return of ViuTV's popular talent show "全民造星VI" is expected to inject new energy into the talent pool[22]. Financial Performance - The company reported a significant increase in revenue, achieving a total of HKD 10 billion for the last quarter, representing a 15% year-over-year growth[35]. - Consolidated profit increased by 35% to HKD 2.615 billion[149]. - Revenue increased by 7% to HKD 40.252 billion[149]. - EBITDA rose by 3% to HKD 13.290 billion[150]. - Total revenue for the year ended December 31, 2025, increased by 5% to HKD 36.55 billion, with operational costs reduced by 4% to HKD 31.79 billion[159]. Business Strategy and Growth Initiatives - The company is focusing on building new growth engines to expand market coverage and enhance monetization capabilities[21]. - The company aims to leverage its strong financial position to create value for customers, partners, and shareholders while contributing to Hong Kong's digital development[17]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share in the region by 2025[35]. - New product launches are expected to contribute an additional HKD 1 billion in revenue, with a focus on innovative telecommunications solutions[35]. - The introduction of the Viu-HBO Max streaming package is expected to drive subscription growth and expand market coverage[163]. Corporate Governance and Board Structure - The board consists of 13 members, including 2 executive directors, 5 non-executive directors, and 6 independent non-executive directors, ensuring at least one independent director has appropriate professional qualifications[68]. - The company emphasizes high standards of corporate governance, ensuring ethical practices and compliance with applicable laws and regulations[61]. - The board has established a mechanism for independent opinions, with at least one private meeting annually between the chairman and independent non-executive directors[79]. - The board's performance evaluation process includes self-assessment questionnaires from all directors, indicating overall satisfactory performance for the year ending December 31, 2025[81]. - The company has adopted a securities trading code for all directors and employees, ensuring compliance with the standards set forth in the listing rules[65]. Risk Management and Compliance - The group emphasizes a strong risk management culture, ensuring operational units identify and manage risks effectively to protect assets and ensure accurate financial reporting[112]. - The audit committee oversees the implementation of a whistleblowing policy, allowing stakeholders to report misconduct, ensuring transparency and confidentiality[117]. - The group has updated its data privacy policy in 2024 to reflect changing regulatory environments and protect individuals' privacy rights[117]. - The group employs a "three lines of defense" model for its enterprise risk management framework, ensuring effective risk identification and management[120]. - The group conducts regular evaluations of its risk management and internal control systems, with at least annual certifications to ensure ongoing effectiveness[125]. Sustainability and Social Responsibility - The company is committed to sustainable development practices, addressing environmental, social, and governance issues[61]. - The group has optimized its sustainability policies, introducing new climate change and occupational safety policies to enhance governance standards[194]. - The group supports the government's "Co-Creation Teen Program" to assist disadvantaged youth in creating opportunities[200]. - The group received the "Caring Company" advanced performance logo from the Hong Kong Council of Social Service[200]. - The recognition highlights the group's 23 years of contributions to promoting a culture of care[200]. Technology and Innovation - Hong Kong Telecom launched the 800G AI Superhighway service and completed the deployment of 25Gbps mobile backbone to enhance network capabilities[16]. - Ongoing research and development efforts are focused on 5G technology, with an investment of HKD 500 million planned for the next year[35]. - The group conducted over 170 AI workshops for more than 15,000 customers, emphasizing its commitment to enhancing digital literacy[197]. - A generative AI task force has been established to drive new strategies and oversee the adoption of generative AI while managing associated risks and compliance challenges[138]. - The company has a commitment to innovation, continuously extending its business into a wide range of innovative service solutions[138].