Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Jul 30, 2026
AI Summary
Q2 2026

Solid top line: PCCW said first-half consolidated revenue rose 7% to USD 2.59 billion, with EBITDA up 3% to USD 793 million, driven mainly by HKT and the Free TV business.

OTT momentum: Viu paid subscribers reached 15.3 million, up 11% year on year, helped by stronger content, local telco partnerships, and new distribution deals.

Ad setback: Viu’s advertising and sponsorship revenue fell from USD 153 million to USD 142 million because of the war in the Middle East and fewer events, though EBITDA margin stayed steady at 29%.

Free TV strength: ViuTV grew digital membership 4% to 3.4 million and said World Cup coverage lifted daily unique viewership by 25%, supporting ad demand.

AI push: Management highlighted AI as a key lever across subtitles, dubbing, CRM, recommendations, ad targeting, and content production, saying it should improve speed and margins over time.

Balance sheet: HKT’s pro forma net debt was stable at USD 5.55 billion, liquidity was about USD 2.9 billion, and the group said there is no imminent or significant debt due in 2026.

Key Financials
Consolidated revenue
USD 2.59 billion
Consolidated EBITDA
USD 793 million
Interim dividend per share
HKD 0.0977
Viu paid subscribers
15.3 million
Viu advertising and sponsorship revenue
USD 142 million
Viu EBITDA
USD 41 million
Viu EBITDA margin
29%
ViuTV digital membership
3.4 million
MakerVille revenue
USD 47 million
MakerVille EBITDA
USD 3 million
HKT total revenue
USD 2.4 billion
HKT service revenue
USD 2.16 billion
HKT EBITDA
USD 844 million
HKT OpEx
USD 366 million
HKT OpEx to revenue ratio
14.2%
HKT CapEx
USD 138 million
HKT CapEx to revenue ratio
5.3%
Pro forma net debt
USD 5.55 billion
Liquidity
USD 2.9 billion
Effective interest rate
3.75%
Average bond maturity
3.3 years
Net debt to EBITDA
4.35x

Other Earnings Calls

2026