PCCW (00008.HK) released the annual results announcement for the year ended December 31, 2021. After accounting for the gain from the Data Center Business divestment and impact of the PCPD (00432.HK) deconsolidation, the annual results of PCCW swung to profit of HK$1.039 billion from loss of HK$1.02 billion. EPS equaled HK13.46 cents. Final cash dividend of HK27.69 cents per ordinary share resulting in full-year cash dividend of HK37.05 cents per ordinary share, an increase of 15% compared to the prior year.
In the Media Business, bothOTT and Free TV & Related Business continued to show favorable prospects, enlarging their revenue by 25% and 152% respectively. The success of the OTT Business is testimony to its high-quality content, including its Viu Original titles, which have spurred further growth in its monthly active users (MAUs) and paid subscribers. 2021 was a landmark year for ViuTV, built upon the company's prior continuous investments in the production of relevant and appealing content. This culminated in the success of MIRROR during the year, which the company had have also crossed leveraged across other parts of the Group. Such positive response from viewers has boosted not only advertising revenue but also in
artiste management and content syndication.
PCCW believed that this is a successful formula which will provide future growth opportunities for ViuTV. With this enlarged revenue base, the OTT Business is nearing EBITDA breakeven, while the Free TV & Related Business turned EBITDA positive during the year.
In the Media Business, bothOTT and Free TV & Related Business continued to show favorable prospects, enlarging their revenue by 25% and 152% respectively. The success of the OTT Business is testimony to its high-quality content, including its Viu Original titles, which have spurred further growth in its monthly active users (MAUs) and paid subscribers. 2021 was a landmark year for ViuTV, built upon the company's prior continuous investments in the production of relevant and appealing content. This culminated in the success of MIRROR during the year, which the company had have also crossed leveraged across other parts of the Group. Such positive response from viewers has boosted not only advertising revenue but also in
artiste management and content syndication.
PCCW believed that this is a successful formula which will provide future growth opportunities for ViuTV. With this enlarged revenue base, the OTT Business is nearing EBITDA breakeven, while the Free TV & Related Business turned EBITDA positive during the year.