Core Viewpoint - PCCW demonstrated resilience in its performance amid global trade uncertainties and cautious consumer sentiment, supported by disciplined execution and scaling of core businesses [2]. Financial Performance - PCCW achieved a 7% increase in revenue, reaching over USD 5.16 billion, while EBITDA rose by 3% year-on-year to USD 1.704 billion [5]. - The OTT business recorded a 5% revenue growth and over 50% increase in EBITDA, benefiting from economies of scale, improved operating efficiency, and a prudent content strategy [5]. Business Highlights - Viu, PCCW's regional video streaming platform, remains the leading player in the greater Southeast Asian markets with paid subscribers reaching 16.8 million [3]. - New growth initiatives for Viu, including Viu Shorts, are aimed at ensuring sustainable growth [3]. - ViuTV is expanding its reach among younger viewers with a strengthened talent roster and an exciting lineup of group concerts planned for the upcoming year [3]. Strategic Focus - HKT is committed to providing best-in-class digital infrastructure to support enterprises and enhance customer experience, particularly as they adopt AI-enabled technologies [4].

Core Viewpoint - The company reported a 7% increase in revenue to HKD 40.252 billion and a 3% increase in EBITDA to HKD 13.290 billion for the fiscal year ending December 31, 2025, with a narrowed loss attributable to equity holders by 16% to HKD 253 million [1] Group 1: Financial Performance - Revenue increased by 7% to HKD 40.252 billion [1] - EBITDA rose by 3% to HKD 13.290 billion [1] - Loss attributable to equity holders narrowed by 16% to HKD 253 million, with a basic loss per share of HKD 0.0327 [1] Group 2: Viu's Market Position and Strategy - Viu continues to strengthen its regional leadership by providing high-quality, localized content across 15 markets in Southeast Asia, the Middle East, and South Africa [1] - The platform added 1.3 million new paying users, bringing the total to 16.8 million [1] - Strong performance in Thailand, Indonesia, and Malaysia driven by closer collaboration with local partners and strategies to enhance market penetration [1] Group 3: Content Strategy and Growth - The growth is attributed to a balanced and well-planned content mix, including over 200 new productions, with a focus on high-quality content [2] - Popular titles like "Taxi Driver 3" and "Shining for You" significantly contributed to user growth and engagement [2] - Viu's subscription revenue grew by 13%, while the EBITDA for the over-the-top (OTT) business surged by 56% [2]

Financial Performance - The company reported a 7% increase in revenue to HKD 40.252 billion and a 3% increase in EBITDA to HKD 13.290 billion for the fiscal year ending December 31, 2025 [1] - The loss attributable to equity holders narrowed by 16% to HKD 253 million, with a basic loss per share of HKD 0.0327 [1] - The final dividend declared is HKD 0.2848 per ordinary share, bringing the total annual dividend to HKD 0.3825 per ordinary share [1] Viu's Market Position - Viu continues to strengthen its regional leadership by providing high-quality, localized content across 15 markets in Southeast Asia, the Middle East, and South Africa [1] - The platform added 1.3 million new paying users during the year, reaching a total of 16.8 million paying users [1] - Strong performance was noted in Thailand, Indonesia, and Malaysia, driven by closer collaboration with local partners and strategies to enhance market penetration [1] Content Strategy - The growth is attributed to a balanced and well-planned content mix, focusing on high-quality offerings [2] - Over 200 new titles were launched, including popular Korean dramas and expanded Chinese programming to meet regional demand [2] - Viu's subscription revenue grew by 13%, while the EBITDA for the over-the-top (OTT) business increased by 56% [2]

Group 1 - The core viewpoint of the article highlights the growth in Viu's paid user base and revenue, with a significant increase in both subscription and advertising revenue by 27% [1] - Viu's paid user count reached 13.8 million, while ViuTV's digital membership rose to 3.3 million, indicating strong user engagement and future plans for major events [1] - Total revenue for the reporting period increased by 7% to HKD 18.922 billion, driven by growth in telecommunications and OTT business [1] Group 2 - Telecommunications revenue in Hong Kong rose by 4% to HKD 17.322 billion, while OTT business revenue increased by 10% to HKD 1.194 billion [1] - EBITDA for the period grew by 6% to HKD 6.010 billion, with OTT business EBITDA surging by 51% to HKD 346 million [1] - The comprehensive profit for the period increased by 116% to HKD 758 million, and the loss attributable to equity holders narrowed to HKD 445 million [1]

Financial Performance - Consolidated revenue increased by 7% year-over-year to $2426 million[21] - Consolidated EBITDA increased by 6% year-over-year to $771 million[21] - HKT revenue increased by 4% year-over-year to $2221 million, with EBITDA up by 3% to $818 million[20] - OTT revenue increased by 10% year-over-year to $153 million, with EBITDA up significantly by 51% to $44 million[20] - Free TV & Related revenue was $44 million, with EBITDA at $6 million[20] OTT Business (Viu) - Viu maintained its position as the No 1 Asian OTT platform in GSEA with 138 million paid subscribers[17] - Viu's subscription and advertising revenues grew by 27% and 29% year-over-year respectively[42] - Viu's EBITDA margin expanded by 8 percentage points year-over-year to 29%[42] HKT Business - Mobile services revenue grew by 5% year-over-year[92] - Local data revenue grew by 11% year-over-year[92] - Broadband revenue grew by 3% year-over-year[92] Cost Efficiency and Capex - Operating expenses decreased by 5% year-over-year[110] - Capex to revenue ratio improved to 58%[115] Dividend - 2025 Interim Dividend per share is 977 HK cents[28]

Core Viewpoint - The company reported a revenue of HKD 18.922 billion for the six months ending June 30, 2025, representing a year-on-year increase of 6.92% and a narrowed shareholder loss of HKD 445 million, down 3.68% from the previous year [1] Financial Performance - Revenue for the first half of the year reached HKD 18.922 billion, up 6.92% year-on-year [1] - Shareholder loss was HKD 445 million, a reduction of 3.68% compared to the same period last year [1] - Basic loss per share was HKD 0.0575 [1] - Proposed interim dividend is HKD 0.0977 per share [1] Business Development - The company continues to enhance its penetration and user engagement in Southeast Asia through its Viu streaming service, which offers high-quality localized content [1] - Viu has reached 13.8 million paid users across 15 markets in Southeast Asia, the Middle East, and South Africa, with significant growth in Thailand, the Philippines, and Malaysia [1] - The flexible dual revenue model of Viu aims to expand and enrich content offerings to cater to diverse entertainment preferences of users and subscribers [1] Technological Advancements - The company is committed to becoming a leader in providing AI technologies and applications to individuals and businesses, leveraging its high bandwidth and low-latency fiber and mobile networks [1] - The application of AI is expected to reshape operations, drive business growth, and significantly enhance productivity [1] - Despite a challenging environment in the first half of the year, the company demonstrated resilience with revenue and EBITDA growth of 4% and 3% respectively, contributing to a 3% increase in adjusted cash flow [1]