Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the Third Quarter of 2024

Core Viewpoint - Chunghwa Telecom reported solid financial results for Q3 2024, achieving a total revenue increase of 3.6% year-over-year, driven by growth across all business segments, despite a slight decline in operating income and net income [1][2][4]. Financial Highlights - Total revenue for Q3 2024 was NT$55.61 billion, up 3.6$ 34.43 billion, with mobile service revenue increasing by 3% due to 5G migration and higher postpaid subscribers [1][5]. - Enterprise Business Group revenue increased by 5.9% to NT$17.60 billion, driven by a 22$ 2.37 billion, with income before tax rising by 11% year-over-year [1][7]. - Total operating costs and expenses increased by 4.8% to NT$44.23 billion, primarily due to higher manpower costs and one-time broadcasting rights fees [1][8]. - Operating income decreased by 0.8$ 11.38 billion, with a margin of 20.5% [1][9]. - Net income attributable to stockholders decreased by 1% to NT$9.01 billion, with basic earnings per share at NT$ 1.16 [1][9]. Business Segment Performance - The Consumer Business Group maintained growth, supported by 5G migration, steady fixed broadband revenue, and increased OTT revenue from exclusive broadcasting rights [2][5]. - The Enterprise Business Group's performance was bolstered by significant growth in ICT services, particularly in 5G private networks and big data analysis [2][6]. - The International Business Group's growth was driven by demand for ICT services in international markets, with a new European subsidiary commencing operations [2][7]. Technological and ESG Initiatives - Chunghwa Telecom initiated the world's first IOWN APN between Taiwan and Japan, and is the exclusive provider of OneWeb low-earth-orbit satellite services in Taiwan [3]. - The company received SBTi verification for its Net-Zero greenhouse gas emissions target, committing to achieve Net-Zero by 2045 [3].