Singtel TV subscribers down 6,000 in 1Q 2023

SINGAPORE — Singtel has announced results for its financial year ended 31 March 2023.

Singapore Consumer

Singapore Consumer’s operating revenue increased 3% as it built on its strong mobile growth momentum. Mobile service revenue rose 11%, mainly from higher roaming, increased 5G adoption and prepaid sales. The 5G customer base has grown to over 760,000 from around 480,000 a year ago. Fixed broadband revenue also grew on the back of higher speed broadband plans. Pay-TV revenue fell but the decline was more than offset by content savings. EBITDA and EBIT rose 13% and 18% respectively due to improved business performance as well as robust cost management.

                                         Second Half                    Year
                                      --------------     YoY  --------------     YoY
                                      31 Mar  31 Mar    Chge  31 Mar  31 Mar    Chge
                                        2023    2022       %    2022    2021       %
                                      ------  ------  ------  ------  ------  ------
Singtel TV revenue (S$'M)                 74      95   -22.7     153     197   -22.2
Average revenue per residential
 TV customer per month (S$ per month)     34      39   -13.3      34      40   -14.0
Residential TV customers (000s)          322     356    -9.7     322     356    -9.7

                                         Q1 2022  Q2 2022  Q3 2022  Q4 2022  Q1 2023
                                         -------  -------  -------  -------  -------
Singtel Residential TV customers (000s)      356      343      333      328      322