StarHub has reported earnings of $31.8 million for 1QFY2025 ended March 31, 2025, down 18.4% y-o-y.
The telecommunications company reported a service revenue of $464 million for the quarter, down 0.7% y-o-y due to lower contributions from mobile, entertainment and cybersecurity.
The segment declined 2.8% y-o-y to $261.2 million. For the mobile segment, average revenue per user (ARPU) came in at $21, down from the $22 in the previous quarter and $23 in the same period a year ago. Subs stood at 2.38 million for the quarter, an increase from the 2.33 million in the previous quarter and 2.15 million in the same period a year ago.
The company says that lower y-o-y revenues for 1QFY2025 were due to declined roaming, IDD, VAS and excess data usage revenue.
Meanwhile, migration towards higher bandwidth plans and bundles resulted in broadband ARPU coming in at $36, which contributed to 4.9% revenue growth despite lower subscriber count. Subs came in at 577,000, down from the 580,000 a year ago.
This was offset by regional enterprise business, and broadband business. Managed services revenue grew 20.2% y-o-y for 1QFY2025 due to higher project competitions from hybrid IT and high data centre revenue.
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Regional enterprise business grew 10.1% y-o-y for 1QFY2025 from higher contributions from managed services and enterprise connectivity revenues, offset by lower carrier and voice revenues.
Meanwhile, cybersecurity revenue declined 13.1% y-o-y due to timing of project recognition in 1QFY2025, the group says.
As a result, the group’s ebitda came in 5.2% y-o-y lower at $100.2 million for 1QFY2025 due to lower gross profit from certain segment revenue declines, alongside higher opex from outsourcing costs and operating lease; offset by lower staff costs and R&M.
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StarHub marks its 25th anniversary this year. In line with its priorities, it is taking steps to strengthen its consumer market presence, scale up enterprise business and modern digital infrastructure platform and services across the region.
The group says that it will concurrently explore synergistic acquisitions that support its strategic growth and competitive positioning.
Shares in StarHubclosed flat at $1.17 on May 9.
