True Corporation reports its Q3 2567 performance with a total revenue of 50,840 million baht, a 1.4% increase compared to the same quarter last year. Particularly, service revenue, excluding network connection revenue, saw a 4.2% increase to 41,509 million baht. EBITDA rose to 24,981 million baht, with a net loss reduction to 810 million baht mainly due to asset impairment related to network development efforts, which is a one-time expense.
Revenue breakdown by business segment:
Mobile phone business: 49.31 million subscribers, revenue of 32,702 million baht, a 3.7% increase.
Online business: 3.729 million users, revenue increased by 7.5% to 6,356 million baht, attributed to reduced discounts and customer upgrade to higher-value packages.
Direct-to-home TV business: 1.266 million subscribers, revenue of 1,675 million baht, a 0.9% increase from sports content revenue.
Source: True (pdf)
TLDR: True Corporation’s Q3 2567 results show overall revenue growth, with significant increases in service revenue and EBITDA, offset by a net loss decrease largely due to asset impairment costs associated with network upgrades. The mobile, online, and direct-to-home TV segments all demonstrated revenue growth during the period.
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