Q3 2025 SK Telecom Co Ltd Earnings Call Transcript
Key Points
- The number of 5G subscribers increased by approximately 240,000, reaching 17.26 million.
- Revenue from the AI business achieved a 35.7% year-on-year increase, driven by the acquisition of the Pangyo Data Center and the GPU Leasing Report Program.
- The Ulsan AI Data Center, a key driver of data center revenue growth, is under full construction and expected to contribute significantly to future revenue.
- SK Telecom launched 'Air', a digital communication service for unlocked devices, aimed at broadening the mobile customer base.
- The company signed a memorandum of understanding with OpenAI to jointly build an AI data center in Korea, positioning itself for new opportunities in the AI infrastructure market.
- Consolidated revenue declined by 11% to 12.2% year-on-year, with a significant drop in operating income by 90.9% due to the cybersecurity incident.
- The company decided not to declare dividends for the third quarter due to financial instability caused by the cybersecurity incident.
- The cybersecurity incident led to a net income turning negative, with penalties impacting financial performance.
- The customer appreciation package, including a 50% discount, contributed to a significant revenue decline.
- The company experienced a loss of many customers due to the cybersecurity incident, impacting overall financial performance.
Good morning and good evening. Thank you all for joining the conference call for the SK Telecom earnings results. (Operator Instructions)
Now, we will begin the presentation on SK Telecom's third quarter of fiscal year 2025 earnings results.
Good morning. I am Chung Hee Jun, IRO of SK Telecom. Let us begin the earnings conference call for Q3 of 2025. Today, we will first deliver a presentation on the financial and business highlights, followed by a Q&A session.
Please note that all forward-looking statements are subject to change depending on various factors, such as market and management situations.
Let me now present our CFO.
Good morning. This is Kim Yang Seop, CFO of SK Telecom.
The third quarter of 2025 was the period where we renew our mobile business by implementing the Accountability and Commitment Program to overcome the cybersecurity
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