PCCW(HK:00008)2022-09-08 09:44Revenue Growth - Viu's paid user base increased by 31%, leading to a 23% rise in OTT video revenue, marking the first EBITDA profit for the OTT business [5]. - The revenue for Viu increased by 22% to $100 million, marking its first positive EBITDA [8]. - The company reported a significant increase in revenue, achieving a total of HKD 12 billion for the first half of 2022, representing a year-on-year growth of 15% [6]. - Revenue for the first half of 2022 reached HKD 10 billion, marking a 15% increase compared to the same period last year [15]. - Total revenue increased by 1% to HKD 18.256 billion, with Hong Kong Telecom's revenue rising by 3% to HKD 16.157 billion [19]. - OTT business revenue surged by 22% to HKD 786 million, while free TV and related business revenue rose by 52% to HKD 388 million [19]. - The company reported a significant increase in revenue, achieving a mid-year report for 2022 with a notable growth rate of 15% compared to the previous year [155]. - Revenue for the first half of 2022 reached $1.2 billion, reflecting a 15% increase compared to the same period last year [158]. User Growth and Engagement - Viu recorded a significant 31% growth in paid users, reaching 9.1 million, and a 23% increase in monthly active users to 60.7 million [8]. - The number of monthly active users for Viu reached 60.7 million, with paid users increasing to 9.1 million as of June 30, 2022 [20]. - User data showed a total of 3 million subscribers, with a 10% increase compared to the previous year, indicating strong customer acquisition efforts [6]. - The company reported a significant increase in user data, with a total of 500 million active users, representing a growth of 25% year-over-year [15]. - The company reported a significant increase in user data, with a total of 1.5 million new subscribers added in the last quarter, representing a 20% growth year-over-year [16]. Strategic Partnerships and Collaborations - Strategic partnership with Lenovo to establish PCCW Lenovo Technology Solutions Limited, focusing on technology solutions in the Asia-Pacific region [5]. - Collaboration with The Sandbox to support Web3 development, becoming the first Hong Kong company in the metaverse [6]. - The partnership with Lenovo aims to accelerate business expansion in the Asia-Pacific region for the enterprise solutions segment [21]. - The company is exploring opportunities in the metaverse through a partnership with The Sandbox, integrating communications, media, and technology [10]. Technology and Service Expansion - The launch of the first 2500M FTTH broadband service in Hong Kong, integrating broadband, Wi-Fi, TV, and Smart Living [5]. - Comprehensive low, medium, and high-frequency 5G spectrum utilized to provide extensive network services for the East Rail Line [5]. - The number of 5G postpaid customers rose to 26% of the postpaid customer base, with 5G services extended to all MTR lines [9]. - The company has launched a new 5G service, with initial uptake exceeding 100,000 subscribers within the first month [6]. - The DrGo telemedicine platform expanded its services to pediatrics and mental health [9]. - The company is planning to expand its market presence in Southeast Asia, targeting a 20% increase in market share over the next two years [6]. Financial Performance and Outlook - The company provided an optimistic outlook for the next quarter, projecting a revenue growth of 12% driven by new product launches and market expansion strategies [6]. - Future guidance includes a focus on sustainable practices, with a goal to reduce carbon emissions by 30% by 2025 [6]. - The company reported a consolidated loss attributable to equity holders of HKD 88 million during the period [19]. - The company has outlined a future outlook with a projected revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies [16]. - The board has approved a new strategy to diversify revenue streams, aiming for a 15% contribution from new business lines by the end of 2023 [16]. Corporate Social Responsibility - The company is committed to corporate citizenship, mobilizing resources to support the community during the pandemic [6]. - Commitment to corporate social responsibility by mobilizing resources to support the community during the pandemic [149]. - The company is committed to sustainability initiatives, aiming for a 30% reduction in carbon emissions by 2025 [157]. Operational Efficiency and Cost Management - The company aims to improve operational efficiency, targeting a reduction in operational costs by 8% through digital transformation initiatives [6]. - The company aims to enhance operational efficiency, targeting a 5% reduction in operational costs through technology upgrades and process optimization [155]. - Operating expenses have been managed effectively, with a reduction of 5% compared to the previous year, improving overall profitability [158]. Employee and Governance - The company has over 21,200 employees and operates in Hong Kong, mainland China, and other regions [4]. - The group employed over 21,200 employees globally as of June 30, 2022, a slight decrease from 21,500 employees as of June 30, 2021 [184]. - The company is committed to maintaining high levels of corporate governance, emphasizing ethics, transparency, and accountability in all business operations [136].