StarHub ( (SRHBF) ) has released its Q4 earnings. Here is a breakdown of the information StarHub presented to its investors.
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StarHub Ltd, a leading telecommunications and digital services provider in Singapore, operates in the telecommunications industry, offering mobile, broadband, and entertainment services, alongside enterprise solutions. The company recently released its unaudited financial results for the full year ending December 31, 2024, showcasing a stable financial performance despite slight declines in certain revenue segments.
StarHub’s total revenue for the year stood at S$2,367.7 million, a slight decrease of 0.2% compared to the previous year. The company faced challenges in its Mobile and Entertainment segments, with revenues declining by 5.3% and 6.8% respectively. However, these were offset by growth in the Broadband and Enterprise Business segments, which saw increases of 0.6% and 9.2% respectively.
The Enterprise Business segment was a significant contributor to StarHub’s performance, driven by higher revenues from Data & Internet, Managed Services, and Cybersecurity Services. Notably, Cybersecurity Services revenue increased by 12.0% year-on-year, reflecting the company’s strategic focus on expanding its digital and security offerings. Despite a decrease in Mobile service revenue, the company managed to maintain a stable EBITDA margin, showcasing its operational efficiency.
Looking forward, StarHub remains committed to enhancing its service offerings and expanding its digital and enterprise solutions. The company aims to leverage its strong market position and strategic initiatives to drive growth and deliver value to its stakeholders in the coming years.