True Corporation has releases 1Q 2024 results

True Corporation PLC has released results for the first quarter of 2024.

Pay TV

At the end of Q1 2024, PayTV subscribers reached 1.3 million, declining 7.4% YoY and 2.3% QoQ. ARPU increased by 1.3% YoY and QoQ to THB 283 ($7.7).

PayTV service revenue for 1Q24 amounted to THB 1,757 million, increasing 5.5% YoY and 23.9% QoQ from higher music and entertainment revenue. Subscription and installation revenue, contributing to 65% of overall PayTV service revenue, decreased YoY and QoQ while subscribers marginally declined by 2.3%. ARPU increased by 1.3% compared to Q423.

Pay TV                  1Q23   2Q23   3Q23   4Q23   1Q24
---------------------  -----  -----  -----  -----  -----
Customers ('000 subs)  1,447  1,415  1,401  1,371  1,339
ARPU (Baht/sub/month)    279    280    278    279    283