Chunghwa Telecom Co., Ltd (NYSE:CHT) Q2 2024 Results Conference Call August 6, 2024 3:00 AM ET

Company Participants

Angela Tsai - Director of Investor Relations
Harrison Kuo - Chairman
Ivan Lin - President
Vincent Chen - Chief Financial Officer

Conference Call Participants

Neale Anderson - HSBC

Operator

Good afternoon, ladies and gentlemen. Welcome to the Chunghwa Telecom's Conference Call for the Company's Second Quarter 2024 Operating Results. [Operator Instructions]

And for your information, this conference call is now being broadcasted live over the Internet. Webcast replay will be available within an hour after the conference ends. Please visit CHT IR website www.cht.com.tw/ir under the IR Calendar section.

And now I would like to turn the call over to Ms. Angela Tsai, Assistant Vice President of Investor Relations. Thank you. Ms. Tsai, please proceed.

Angela Tsai

Thank you. I'm Angela Tsai, Assistant Vice President of the Financial Department for Chunghwa Telecom. Welcome to our second quarter 2024 results conference call.

Joining me on the call today are our Chairman and CEO Harrison Kuo; President, Ivan Lin; and Vincent Chen, our Chief Financial Officer.

During today's call, management will begin by providing the CEO's message and our business overview of the second quarter, followed by a discussion of our segment performance and the financial results. After, we'll move on to the question-and-answer portion of the call. On Slide 2, please read our disclaimers and notes concerning forward-looking statements.

Now, without further delay, I will turn the call over to our Chairman. Chairman Kuo, please go ahead.

Harrison Kuo

Thank you, Angela, and hello everyone. Welcome to our second quarter 2024 results conference call. We are pleased to announce our continued success in expanding our lead in Taiwan's telecom market in the second quarter.

Amidst the 3 player market landscape, our revenue share in Taiwan's mobile market continues to steadily grow from 40.4% to 40.5% quarter-over-quarter, while subscribers share enjoyed a slight increase to 37.7%, maintaining growth in the new market landscape.

In addition, for the past 6 consecutive quarters, our postpaid mobile ARPU has demonstrated the highest year-over-year growth in the industry, showcasing our growth capability. With this contribution, our total revenue in the second quarter reached a new high for the same period since 2018.

In addition, our strategy of leveraging content investment to enhance our video performance has been successful. In August, during the first week of our exclusive 2024 Paris Olympic Games broadcast, we were pleased to see our video platform subscriptions surplus 3 million, a milestone that further expanded our lead among all the video platforms in Taiwan. As the games are more intense, we are optimistic about the overall performance of our Olympic Games broadcast.