StarHub Reports 2008 Second Quarter and Half Year Results

Wednesday, August 6th, 2008
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SINGAPORE — The second quarter of 2008 operating revenue for Starhub (Singapore: CC3) increased 9% to S$531 million from S$489 million year-on-year (YoY).

2Q2008 Financial & Business Highlights

For the second consecutive quarter this year, Pay TV revenue registered the highest growth, registering a 25% YoY lift. Mobile revenue grew 7%, while Fixed Network services increased 12%. Broadband revenue remained constant for the quarter. Mobile continues to be the major revenue contributor at 51%. Pay TV, Broadband, Fixed Network Services and Sales of Equipment contributed 19%, 12%, 14% and 4% respectively to the mix.

  • Mobile revenue grew 7% to S$269 million from S$253 million for the quarter. The higher revenue was primarily contributed from a larger post-paid customer base and higher post-paid ARPU. Post-paid mobile services revenue was up 12% YoY to S$212 million, accounting for 79% of the Mobile revenue mix. Pre-paid mobile services revenue slipped 9% to S$58 million. Post-paid ARPU moved up S$3 to S$77, while pre-paid ARPU contracted S$6 to S$20.
  • Pay TV revenue jumped 25% to S$102 million from S$82 million. Driven by the increase in Basic and Sports group subscription prices, and boosted by the higher subscription fee from the UEFA EURO 2008, Pay TV ARPU at S$58 for the quarter was S$9 higher when compared YoY. Customer base was up 3% to 511,000. The number of customers on the digital platform increased 25% to 453,000 households. Digital customers now make up 89% of the total pay TV customer base.
  • Broadband revenue remained constant at S$62 million YoY. The MaxOnline customer base grew 7%, ending the quarter with 358,000. As a result of the new customers signing up to the recently introduced low end plan, ARPU decreased S$3 to S$57.
  • Fixed Network revenue increased 12% to S$75 million from S$67 million previously. Data & Internet services revenue, which makes up 81% of the Fixed Network revenue, jumped 20% to S$60 million from S$50 million a year ago.
  • The percentage of total Hubbing households that subscribed to any two or more StarHub services stands at 52%, with 40% subscribing to all three services.

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