Singapore – StarHub’s third quarter operating revenue increased 2% to S$537 million from S$525 million year-on-year (YoY). For the year-to-date (YTD), it recorded a 1% growth to S$1,600 million. The Group’s EBITDA for the quarter rose 5% to S$172 million. Similarly, the Group’s YTD EBITDA also saw a 5% lift. For the quarter, profit from operations stood at S$111 million which was 4% higher YoY. Net profit after tax increased 7% to S$85 million. Free cash flow (FCF) at S$115 million was 8% lower compared to last year’s S$126 million. YTD, profit from operations was at S$319 million or 5% higher compared to the same period last year. FCF was at S$379 million, 28% higher than last year’s S$296 million. Pay TV revenue rose 2% for the quarter. YTD, revenue also saw a 2% growth to S$303 million from S$298 million. Driven by a higher customer base and steady ARPU, pay TV ARPU remained stable at S$56 YoY. It also kept constant at S$57 YTD. The customer base was up 3% to 535,000. Digital customers now make up 100% of the total pay TV customer base. And come 2010, StarHub will offer cable TV customers free access to two sports channels. StarHub will launch a new self-packaged 24-hour sports channel which will be available free to its entire cable TV base from January 2010. This channel will carry a wide variety of sports content including football, wrestling, tennis and local sports. From July 2010, to complement the new sports channel which will feature sporting events, all StarHub’s cable TV customers will also enjoy a free 24-hour sports news channel from Eurosportnews, presently offered as part of StarHub’s Sports Group. In addition, StarHub has pledged to reduce its pricing for the Sports Group by more than 50 percent from July 2010, and the new price will be unveiled in the coming months. Currently, StarHub TV customers can add the Sports Group for a monthly subscription fee of $25.
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