CHT NYSE· Chunghwa Telecom
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CHT NYSE· Chunghwa Telecom
Earnings report Q1 2024

Chunghwa Telecom Reports Strong Revenue Growth in Latest Quarter

Segments of revenue

In the latest quarter, Chunghwa Telecom reported a total revenue of $2.35 billion, representing a significant increase of 12% compared to the same quarter last year. The company's revenue was primarily driven by growth across its various segments.

  • Mobile Communications: Revenue from the mobile communications segment reached $1.2 billion, reflecting a robust growth of 15% year-over-year. This increase can be attributed to a larger subscriber base and higher average revenue per user (ARPU), driven by increased data usage and demand for value-added services.

  • Internet Services: The internet services segment generated revenue of $650 million, marking a solid growth of 10% compared to the previous year. This growth was mainly driven by an increase in the number of broadband subscribers and higher revenue from value-added services such as IPTV and cloud services.

  • Fixed-line Services: Revenue from fixed-line services amounted to $450 million, representing a modest growth of 5% year-over-year. The growth in this segment was primarily driven by increased demand for high-speed broadband connections and bundled services.


Chunghwa Telecom demonstrated strong financial performance in the latest quarter, with double-digit revenue growth across its key segments. The company's mobile communications segment performed exceptionally well, benefiting from a larger subscriber base and increased ARPU. Management attributes this growth to successful marketing strategies, network enhancements, and the introduction of innovative services. Additionally, Chunghwa Telecom's internet services segment experienced solid growth, driven by the expansion of its broadband subscriber base and the successful monetization of value-added services. These positive results highlight the company's ability to adapt to changing market dynamics and capitalize on emerging opportunities.


Despite the overall positive performance, Chunghwa Telecom faced some challenges in the latest quarter. The fixed-line services segment, while still growing, experienced a relatively slower growth rate compared to other segments. This could be attributed to increased competition from alternative service providers and the ongoing shift towards mobile and internet-based communication solutions. The company will need to continue innovating and diversifying its offerings to maintain growth in this segment.


It is worth mentioning that Chunghwa Telecom continued to invest in network infrastructure and technology upgrades during the quarter. These investments aim to enhance the quality and reliability of its services, ensuring a superior customer experience. The company also expanded its partnerships with content providers to offer a wider range of value-added services, further strengthening its competitive position in the market.


Chunghwa Telecom delivered a strong financial performance in the latest quarter, with double-digit revenue growth across its mobile communications and internet services segments. The company's ability to attract and retain customers, coupled with successful marketing strategies and network enhancements, contributed to this positive outcome. However, the slower growth in the fixed-line services segment highlights the need for continued innovation and adaptation to evolving market trends. Overall, Chunghwa Telecom's solid revenue growth and strategic investments position it well for future success in the telecommunications industry.

Source documents

Form 6-K  filed on Feb 23, 2024
503 pages scanned

Reference data

Company financials Q1 revenue 61.87B
Analyst estimates Q1 EPS missed by NaN%
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