In This Article:
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Total Consolidated Revenue: KRW 6 trillion 654.6 billion, slight decrease year-over-year.
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Separate Revenue: Increased by 2.0% to KRW 4 trillion 765 billion.
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Consolidated Operating Income: Increased by 44.2% year-over-year to KRW 464.1 billion.
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Net Income: Rose by 32.9% to KRW 383.1 billion.
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EBITDA: Increased by 13.4% to KRW 1 trillion 428.1 billion.
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Operating Expense: Decreased by 2.9% year-over-year to KRW 6 trillion 190.5 billion.
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Debt Ratio: 122.8% as of September 2024.
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Net Debt Ratio: Decreased by 8.2 percentage points year-over-year to 30.3%.
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Cumulative CapEx: KRW 2 trillion 33.1 billion on a separate basis.
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Wireless Revenue: Increased by 1.9% year-over-year to KRW 1 trillion 740.4 billion.
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Broadband Revenue: Grew by 0.4% year-over-year to KRW 618.5 billion.
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Media Business Revenue: Decreased by 1.2% year-over-year.
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Home Telephone Revenue: Decreased by 7.6% to KRW 172.2 billion.
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B2B Service Revenue: Grew by 2.5% year-over-year.
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BC Card Revenue: Decreased by 6.5% year-over-year to KRW 931.4 billion.
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Skylife Revenue: Declined by 1.4% to KRW 256.9 billion year-over-year.
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KT Cloud Revenue: Grew by 6.8% year-over-year.
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KT Estate Revenue: Increased by 3.6% year-over-year.
Release Date: November 08, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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KT Corp (NYSE:KT) has set a strategic direction to transform into an ACIT company, aiming for sustainable growth by innovating core businesses and expanding customized offerings.
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The company has entered a strategic partnership with Microsoft to collaborate on AI and cloud services, including the development of a Korean AI cloud service.
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KT Corp (NYSE:KT) reported a significant increase in operating income, with a 44.2% year-over-year growth, driven by profitability enhancements in core businesses.
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The company announced a shareholder return program, including a share buyback and cancellation plan worth KRW1.1 trillion, aiming to boost shareholder value.
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KT Corp (NYSE:KT) is experiencing growth in its cloud and real estate businesses, with cloud revenue increasing by 6.8% year-over-year and real estate revenue growing by 3.6%.
Negative Points
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KT Corp (NYSE:KT) reported a slight decrease in total consolidated revenue due to weak performance in its content subsidiary.
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The media business faced challenges with a decline in PV and advertising revenue, resulting in a 1.2% year-over-year revenue decrease.
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Home telephone revenue decreased by 7.6%, indicating a decline in traditional telecommunication services.
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The content subsidiary experienced an 18.3% year-over-year decline in revenue due to a shrinking market.
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BC Card, a major subsidiary, posted a 6.5% decrease in revenue year-over-year, mainly due to a decline in credit card sales.