PCCW Limited Reports Strong 2024 Results with Subscriber Growth and Narrowed Loss

Pacific Century Regional Developments ( (SG:P15) ) just unveiled an announcement.

PCCW Limited reported its annual results for 2024, showcasing significant growth in its Viu subscriber base by 17% to 15.5 million, with notable increases in Indonesia, Malaysia, and Thailand. The company achieved a 3% increase in overall revenue to HK$37,557 million and a substantial improvement in its financial performance, narrowing its annual loss to HK$300 million and declaring a full-year dividend of 38.25 HK cents per ordinary share, indicating a strong operational performance and positive outlook for stakeholders.

More about Pacific Century Regional Developments

PCCW Limited is a company based in Hong Kong with a focus on telecommunications, media, and technology. It operates various services including a notable Over-the-Top (OTT) platform and has a significant presence in free TV, artiste management, and event businesses, particularly in Asian markets such as Indonesia, Malaysia, and Thailand.

YTD Price Performance: 17.50%

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $738.7M

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