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Pentanet Ltd ( (AU:5GG) ) has shared an update.
Pentanet Ltd has achieved a significant milestone by reaching a positive EBITDA in the first half of FY25, marking a key turning point in its strategic focus. The company reported a $1 million improvement in EBITDA from the previous quarter, alongside a 7% increase in consolidated revenue and a 17% quarter-on-quarter growth in 5G subscribers. Pentanet is on track to double its 5G network coverage, aiming to bolster its competitive position in the telecommunications sector. The company’s efforts in optimizing its cloud gaming platform have also resulted in a 31% increase in gaming revenue, further enhancing its market offerings.
More about Pentanet Ltd
Pentanet Ltd operates in the telecommunications industry, focusing on providing 5G network services and cloud gaming. The company is engaged in expanding its 5G network to offer ultrafast internet services and optimizing its NVIDIA Cloud division for enhanced cloud gaming experiences.
YTD Price Performance: -3.33%
Average Trading Volume: 360,234
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$12.56M
See more data about 5GG stock on TipRanks’ Stock Analysis page.
