Q3 2025 Taiwan Mobile Co Ltd Earnings Call Transcript
Key Points
- Mobile service revenue reached a nine-year high, driven by strong performance in mobile, home broadband, and new Telco+Tech businesses.
- Telecom EBITDA increased by 5% year-over-year due to optimization of subsidies and marketing expenses.
- 5G penetration exceeded 43%, contributing to a 9% year-over-year growth in 5G revenue.
- Home broadband business posted a 3% year-over-year revenue growth, supported by competitive pricing and increased subscriber numbers.
- The new Telco+Tech businesses delivered 11% year-over-year revenue growth, with promising market potential in the crypto exchange platform and e-commerce services.
- momo's EBITDA and net profit contribution dropped due to lower revenue and increased investment in new business.
- Cash and cash equivalents declined year-over-year, primarily due to momo's capital expenditures and dividend payments.
- Interest expenses rose as a result of refinancing at higher market rates, impacting non-operating results.
- The e-commerce segment faces intense competition from international players using subsidies to gain market share.
- The Cable TV segment experienced a revenue decline, partially offsetting the broadband business's solid performance.
Good afternoon, ladies and gentlemen. Welcome to the Taiwan Mobile conference call. Our Chairperson today is Mr. Jamie Lin. Mr. Lin, please begin your call, and I'll be standing by for the question-and-answer session. Thank you.
Thank you, operator. Good afternoon, everyone. Welcome to Taiwan Mobile's third quarter 2025 results conference call. Before I start our presentation, please refer to our Safe Harbor notice on this page.
Now let's take a look at our business overview. Please turn to Page 4 for highlights of the quarter. Our 3 main growth engines are mobile, home broadband, and new Telco+Tech businesses all delivered healthy top line momentum in the third quarter. In fact, mobile service revenue hit a nine-year high during the quarter. In terms of profitability, telecom EBITDA increased by 5% year-over-year, thanks to optimization of subsidies and marketing expenses.
If we exclude the impact from one-off investment gains booked in the same quarter last year, net profit would have increased by
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