SKT Q1 Operating Profit 498.5 Billion KRW... "Enterprise Business Growth" (Update)

SKT Q1 Revenue 4.4746 Trillion KRW
Net Profit 361.9 Billion KRW...19.6% Increase

SK Telecom announced on the 8th that it recorded consolidated sales of 4.4746 trillion KRW and an operating profit of 498.5 billion KRW in the first quarter of this year. Sales increased by 2.3% compared to the same period last year, and operating profit rose by 0.8%. Net profit for the period was 361.9 billion KRW, up 19.6% due to an increase in non-operating income related to investment assets.

SKT explained that the steady growth of the enterprise business has established itself as a growth engine in the non-telecom sector. SKT stated, "Enterprise AI sales also increased by more than 10% compared to the same period last year, achieving meaningful growth."

SKT is attempting to leap forward as a global artificial intelligence (AI) company. It announced that it will focus on generating results in three core areas: AI infrastructure, AI transformation, and AI services. In the first quarter of this year, the data center business in the AI infrastructure sector recorded a 26% sales growth compared to the same period last year, driven by a continuous increase in utilization rates. SKT plans to further develop its AI data center business, where demand is steadily rising.

Regarding the development of the telecom-specific AI model, the ‘Telco Large Language Model (LLM)’, SKT plans to complete the Korean version next month and push for commercialization. The Telco LLM, developed in collaboration with global telecom operators, will be applied to customer-facing tasks such as customer centers, infrastructure operations, marketing and distribution networks, as well as internal tasks including legal affairs and HR.

Meanwhile, in the telecommunications business, as of the end of the first quarter this year, SKT secured 15.93 million 5G subscribers, 9.59 million paid broadcasting subscribers, and 6.99 million high-speed internet subscribers, leading to net growth in both wired and wireless subscribers.

Enterprise business sales grew approximately 10% compared to the same period last year. In particular, cloud business sales increased by about 40% year-on-year, driving overall enterprise growth. In the enterprise AI sector, SKT’s strategy is to continuously discover innovative products such as the recently launched AI simultaneous interpretation solution ‘Transtoker’ and nurture them as the core of its B2B business.

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