KT Skylife Reports Q1 Operating Revenue of 254.8 Billion KRW, Up 5.8%

Increase in Mobile and Internet Subscribers
Telecommunication Service Sales Reach 41.9 Billion Won

KT Skylife announced on the 10th that its operating revenue for the first quarter of this year reached 254.8 billion KRW, a 5.8% increase compared to the same period last year. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), an indicator of cash-generating ability, recorded 51.6 billion KRW, approximately 20% of operating revenue.

Operating revenue from the platform segment of Skylife and HCN was 236.8 billion KRW, up 4.8% from the same period last year. Telecommunications service sales reached a quarterly record high of 41.9 billion KRW due to an increase in mobile and internet subscribers, and other sales also grew through expansion of transmission agency and commerce businesses. The total number of subscribers increased by 96,000 compared to the same period last year, reaching 5.9 million.

Operating revenue from the content segment of Skylife TV was 18 billion KRW, a 20.4% increase compared to the same period last year. Channel subscription fees rose due to the merger with Media Genie, and sales revenue related to intellectual property (IP) also increased as original entertainment productions grew. Advertising revenue was 11.8 billion KRW, showing similar performance to the same period last year.

With continuous growth in subscribers of core products such as Sky TV (satellite broadcasting), internet, and mobile, the net increase in subscribers continued for five consecutive quarters. Sky TPS (Sky TV, internet, mobile) subscribers increased by 64,000 in the first quarter, driving the overall net subscriber growth. The sales ratio of Sky Internet through the HCN channel also rose compared to the same period last year, exceeding 50%.

The value of the ENA channel also increased due to full-scale content investment. Despite the sluggish advertising market, the share of advertising revenue in paid broadcasting rose to 4.3% compared to the same period last year. Among original entertainment shows, besides the existing "I am Solo," "Jigumabul World Travel" became a hit, maintaining a viewership ranking 41% higher than the first half of last year.

Yang Chunsik, CEO of KT Skylife, explained, "With operating revenue of 254.8 billion KRW in the first quarter, we have made a smooth start toward achieving the annual operating revenue 1 trillion KRW club for the second consecutive year," adding, "The net increase in TPS products continues, leading to increased sales in internet and mobile."

This content was produced with the assistance of AI translation services.