
PCCW reported 7% revenue growth to $2.59B, driven by HKT's 8% gain and Free TV. Interim dividend set at HKD 0.0977 per share. Management sees stronger H2 momentum.
PCCW Ltd. posted a 7% rise in first-half revenue to $2.59 billion, carried by its telecom arm HKT and a resurgent Free TV business, the company said July 30. EBITDA climbed 3% to $793 million.
Susanna Hui, PCCW's group managing director and CFO, described the period as "very solid execution as an AI-enabled telecom-anchored TMT platform." HKT, the group's biggest unit, drove revenue 8% higher and EBITDA 3% higher. Free TV revenue also rose 8%. The regional OTT streaming business, which the company has been expanding across Asia, delivered "relatively stable" turnover, Hui said.
The board declared an interim dividend of HKD 0.0977 per share. That is in line with PCCW's stated policy of prioritizing financial strength while trying to keep shareholder payouts steady. "We will adopt a disciplined dividend policy," Hui said, "prioritizing financial strength for sustainable growth while also striving to provide stable returns for shareholders."
PCCW has been working to reframe itself as more than a legacy telecom. The company is pushing AI tools into its consumer and enterprise offerings, using data from its mobile and broadband base to upsell new services. The free-to-air TV division, ViuTV, has been gaining traction in advertising and content licensing, and the artist management and event business is scaling up, according to the company.
Hui said the group is "building a stronger momentum into the second half." The dividend is payable to shareholders of record as of a date to be set by the board, the company said.
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