Increase in Internet and Mobile Subscribers Boosts Telecom Service Revenue,
(Provided by KT Skylife),
,
, ‘(Seoul=News1) Reporter Jo Jae-hyeon = KT Skylife (053210·Skylife+HCN+Skylife TV) announced on the 6th that its consolidated revenue for the third quarter this year was 256.9 billion won, with an operating profit of 1.8 billion won. Compared to the same period last year, revenue and operating profit decreased by 0.5% and 32.5%, respectively.’,
,
, ‘A representative from KT Skylife explained, “The amortization of intangible assets due to content investment was deferred, resulting in reduced profit.”‘,
,
, ‘On a separate basis, revenue was 177.3 billion won, similar to the same period last year, while operating profit was 10.7 billion won, an increase of 27% compared to the same period last year.’,
,
, ‘Despite the growth in telecom service revenue due to an increase in internet and mobile subscribers, TV service revenue declined. Operating profit increased due to the effect of evenly distributing the broadcasting development fund costs annually.’,
,
, ‘The total number of subscribers was 5.78 million, a 0.7% decrease compared to the same period last year (5.82 million). The scale of new subscribers decreased due to efficient sales commissions and profitability-focused subscriber acquisition. However, the company expects the qualitative improvement of subscribers to positively affect profitability in the future.’,
,
, ‘The ENA channel ranked 9th in quarterly viewership (based on viewership in the Seoul metropolitan area for ages 20-49). This led to Skylife TV achieving its highest-ever share in the paid broadcast advertising market (6.2%) since its founding.’,
,
, “In the fourth quarter, there is anticipation for the cooking variety show ‘Baek Jong-won’s Les Misérables’ featuring Baek Jong-won and the drama ‘Namib’ starring Go Hyun-jung and Ryeoun.”,
,
, “In July, Skylife made a strategic investment in Ho-gak and entered the amateur ‘AI Sports’ platform business. Skylife plans to cultivate this as a new growth business by incorporating its broadcasting and telecommunications expertise into the AI online video service (OTT) new business.”,
,
, ‘Cho Il, CFO of KT Skylife, stated, “We aim to improve profitability by expanding TPS (Satellite Broadcasting·Internet·Mobile) product subscribers and commercializing AI sports.” By the end of the third quarter, KT Skylife’s cumulative consolidated revenue was 765.9 billion won, and it is expected to maintain annual revenue of 1 trillion won.