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PCCW Limited ( (HK:0008) ) has shared an announcement.
PCCW Limited reported a 3% revenue increase to HK$37,557 million for the year ending December 2024, driven by growth in its video streaming service Viu, which saw a 17% increase in subscribers, and its free TV and related businesses. The company focused on profitability by expanding its video streaming platforms and maintaining the stability of HKT Limited, amidst challenging economic conditions. Significant progress was made in the artiste management and event business, with an increase in the number of managed artistes and successful concerts, enhancing its media ecosystem. These developments highlight PCCW’s strategic positioning in the Asian streaming market and its ability to deliver diverse content and advertising solutions.
More about PCCW Limited
PCCW Limited is a Hong Kong-based company engaged in telecommunications, media, IT solutions, and property development and investment. Its primary services include video streaming through its platform Viu, and broadcasting through ViuTV, serving markets in Southeast Asia, the Middle East, and South Africa. The company is also involved in free TV, artiste management, and event businesses.
YTD Price Performance: 5.53%
Average Trading Volume: 7,686,599
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$37.44B
For a thorough assessment of 0008 stock, go to TipRanks’ Stock Analysis page.
