StarHub ( (SRHBF) ) has released its Q1 earnings. Here is a breakdown of the information StarHub presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
StarHub Ltd is a leading telecommunications company in Singapore, providing a wide range of services including mobile, broadband, and entertainment, with a strong presence in the regional enterprise sector.
In the first quarter of 2025, StarHub reported a slight decline in overall financial performance, with a decrease in service revenue and net profit attributable to shareholders. Despite these challenges, the company saw growth in its regional enterprise and broadband segments.
Key highlights from the earnings report include a 10% year-over-year increase in regional enterprise revenue, driven by a 20.2% growth in managed services. Broadband revenue also rose by 5% due to a shift towards higher bandwidth plans. However, these gains were offset by declines in mobile, entertainment, and cybersecurity revenues, as well as increased operating expenses and depreciation.
Looking ahead, StarHub remains focused on completing its transformational investments by the first half of 2025 and aims to defend and grow its consumer market share. The company is committed to creating personalized experiences and scaling its regional enterprise operations to drive long-term shareholder returns.