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StarHub reports 14.2% lower 1Q earnings of $54 mil due to higher expenses

Michelle Zhu
Michelle Zhu • 3 min read
StarHub reports 14.2% lower 1Q earnings of $54 mil due to higher expenses
SINGAPORE (May 3): StarHub reported earnings of $54 million for the 1Q ended March, 14.2% lower compared to a year ago due to higher operating expenses. 
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SINGAPORE (May 3): StarHub reported earnings of $54 million for the 1Q ended March, 14.2% lower compared to a year ago due to higher operating expenses.

Revenue grew 6% to $597 million from a year ago driven by strong segmental revenue contributions from network solutions (+9%) and cyber security services (+41%), which mitigated 5% and 12% lower service revenues from the mobile and Pay TV businesses, respectively.

In terms of StarHub’s various segment performance, Enterprise Business revenue grew 14.1% to $134.1 million due to growth in managed services, domestic and international voice revenue, and cyber security services.

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