Singtel TV subscribers down 5,000 in 4Q 2022

SINGAPORE — Singtel reported its business update for the third quarter and nine months ended 31 December 2022.

For The Third Quarter Ended 31 December 2022

In Singapore Consumer, operating revenue rose 3.0% due to increased mobile service revenue which was partially offset by lower pay TV revenue and mobile equipment sales. Mobile service revenue grew a robust 15% despite intense price competition, mainly due to increased travel, and higher prepaid driven by 5G and the return of foreign workers. Mobile equipment sales, however, contracted due to supply constraints of certain premium handsets and reduced demand for mobile equipment plans. With higher service revenue, EBITDA increased 13%.

Product Drivers – Pay TV

                                                Quarter     Nine months
                                 ----------------------  --------------    YoY
                                 31 Dec  30 Sep  31 Dec  31 Dec  31 Dec   Chge
                                   2022    2022    2021    2022    2021      %
                                 ------  ------  ------  ------  ------  ------
Singtel TV revenue (S$'M)            40      35      49     119     151   -20.9
Residential TV customers (000s)     328     333     362     328     362    -9.4