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PCCW Reports 7% Revenue Growth in First Half of 2026, Driven by HKT and OTT Platforms
On July 30, 2026, PCCW Limited announced its first‑half 2026 financial results. The company, a Hong Kong‑based information and communication technology and telecommunications group, reported consolidated revenue of US$2.59 billion, up 7 percent year‑over‑year, and earnings before interest, tax, depreciation and amortisation (EBITDA) of US$793 million, a 3 percent increase. The results were presented by Group Managing Director and Chief Financial Officer Hon Hing Hui and Head of Investor Relations Marco Wong during the company’s earnings call.
The growth was driven largely by the company’s telecom subsidiary, HKT Limited. HKT’s revenue rose 8 percent to HK$18,685 million, while its EBITDA grew 3 percent to HK$6,182 million, according to the company’s press release. The telecom arm’s performance was described as “solid” and “steady cash flow” that underpins the group’s broader technology, media and telecom (TMT) platform.
PCCW’s over‑the‑top (OTT) business also contributed to the top‑line growth. The company’s OTT platform, which includes the Viu streaming service, generated revenue of HK$1,110 million, a slight decline from the previous period. The decline was attributed to disruptions in advertising revenue caused by the Middle East war, the company said. Nevertheless, the platform’s EBITDA remained strong at HK$317 million, with a margin of 29 percent.
The free‑to‑air television segment, operated through the company’s domestic free TV service, grew 8 percent year‑over‑year. While the press release did not disclose the segment’s revenue figure, the company highlighted that the service continued to show resilience amid a competitive media landscape.
In addition to its core telecom and media businesses, PCCW reported expanding traction in its artist management and event business. The company said that these activities are gaining momentum and are expected to add to the group’s growth trajectory in the second half of the year.
The company’s board declared an interim dividend of HK$0.0977 per share. The dividend policy was described as disciplined, with a focus on maintaining financial strength and supporting sustainable growth while providing stable returns to shareholders.
PCCW’s CEO and CFO noted that the company is pursuing an AI‑enabled strategy across its business lines. The company said that artificial‑intelligence initiatives are being integrated into its telecom, media, and technology services to improve operational efficiency and customer experience.
The company’s performance is set against a backdrop of broader industry trends. Hong Kong’s telecom market remains dominated by HKT, with fixed‑line, mobile, and broadband services. PCCW’s OTT platform competes with global streaming services, while its free TV service faces competition from both traditional broadcasters and digital platforms.
The company will report its full‑year 2026 results in February 2027. Investors will be watching for guidance on the company’s outlook for the second half of the year, the impact of AI initiatives, and the sustainability of its dividend policy.
The growth was driven largely by the company’s telecom subsidiary, HKT Limited. HKT’s revenue rose 8 percent to HK$18,685 million, while its EBITDA grew 3 percent to HK$6,182 million, according to the company’s press release. The telecom arm’s performance was described as “solid” and “steady cash flow” that underpins the group’s broader technology, media and telecom (TMT) platform.
PCCW’s over‑the‑top (OTT) business also contributed to the top‑line growth. The company’s OTT platform, which includes the Viu streaming service, generated revenue of HK$1,110 million, a slight decline from the previous period. The decline was attributed to disruptions in advertising revenue caused by the Middle East war, the company said. Nevertheless, the platform’s EBITDA remained strong at HK$317 million, with a margin of 29 percent.
The free‑to‑air television segment, operated through the company’s domestic free TV service, grew 8 percent year‑over‑year. While the press release did not disclose the segment’s revenue figure, the company highlighted that the service continued to show resilience amid a competitive media landscape.
In addition to its core telecom and media businesses, PCCW reported expanding traction in its artist management and event business. The company said that these activities are gaining momentum and are expected to add to the group’s growth trajectory in the second half of the year.
The company’s board declared an interim dividend of HK$0.0977 per share. The dividend policy was described as disciplined, with a focus on maintaining financial strength and supporting sustainable growth while providing stable returns to shareholders.
PCCW’s CEO and CFO noted that the company is pursuing an AI‑enabled strategy across its business lines. The company said that artificial‑intelligence initiatives are being integrated into its telecom, media, and technology services to improve operational efficiency and customer experience.
The company’s performance is set against a backdrop of broader industry trends. Hong Kong’s telecom market remains dominated by HKT, with fixed‑line, mobile, and broadband services. PCCW’s OTT platform competes with global streaming services, while its free TV service faces competition from both traditional broadcasters and digital platforms.
The company will report its full‑year 2026 results in February 2027. Investors will be watching for guidance on the company’s outlook for the second half of the year, the impact of AI initiatives, and the sustainability of its dividend policy.
