The financial information in this document are earnings results based on K-IFRS. This document is provided for the convenience of investors only, before
our external audit on 4Q 2016 is completed .The audit outcomes may cause some parts of this document to change. This document may contain
"forward-looking statements" - that is, statements related to future, not past, events. In this context, "forward-looking statements" often address our expected future business and financial performance. These uncertainties may cause our actual results to be materially different from those expressed in1
this document.
CATV subscribers continued to grow in two consecutive quarters as 23k subs were added into 4.1mn
Digitization speed accelerated as another 44k subscribers were added into 2.65mn digital TV subscribers
MVNO displayed remarkable recovery as subs rebounded in six quarters with LTE portion reaching 50%
▣ CATV Subscribers ▣ Digital TV Subscribers ▣ MVNO Subscribers & LTE %
MVNO LTE (%)
46%
50%
YoY
+17k QoQ
+22k
4.12
QoQ
2.65
39%
853
+43k YoY
4.10 4.10
(Mn)
2.60
843
(Thousand)
+9k
QoQ
2.55
(Mn)
YoY
+92k
824
+46k
4Q15 3Q16 4Q16
4Q15 3Q16 4Q16
4Q15 3Q16 4Q16
(Unit: Subscriber, %)
2015
2016
1Q15
2Q15
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
Cable TV
4,117,279
4,104,932
4,103,495
4,102,128
4,097,771
4,096,150
4,096,693
4,119,228
- Analog
1,619,199
1,586,308
1,571,136
1,549,214
1,530,718
1,515,180
1,495,261
1,473,942
- Digital
2,498,080
2,518,624
2,532,359
2,552,914
2,567,053
2,580,970
2,601,432
2,645,286
- Digital Penetration rate
61%
61%
62%
62%
63%
63%
64%
64%
Internet
901,510
887,409
872,796
860,253
850,214
837,230
827,136
825,331
VoIP
729,437
713,193
693,485
673,167
654,395
634,263
616,210
598,919
MVNO
856,647
881,449
853,283
843,350
830,987
824,723
823,913
853,254
- LTE
270,126
302,185
303,347
328,295
343,660
358,385
376,896
423,410
2
Digital TV ARPU fell both YoY & QoQ mainly due to slowdown in VOD revenue with lack of hit contents
MVNO ARPU remained rather flat on QoQ basis, but picked up by 2.2% (W470) YoY to post W21,927
Strategic compromise in ARPU resulted in meaningful subscriber growth for both digital TV and MVNO
▣ Digital TV ARPU ▣ MVNO ARPU
(KRW) (KRW)
10,948
-6.2%
YoY
10,558
-2.7%
QoQ
10,270
21,457
+2.2%
YoY
22,026 21,927
-0.5%
QoQ
4Q15 3Q16 4Q16
4Q15 3Q16 4Q16
(Unit: KRW, %)
2015
2016
1Q15
2Q15
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
Cable TV
8,236
8,262
8,458
8,299
8,013
7,937
8,029
7,854
- Analog
4,012
3,893
3,716
3,529
3,399
3,290
3,202
3,100
- Digital
10,737
10,787
11,150
10,948
10,521
10,417
10,558
10,270
Internet
11,899
11,869
11,834
11,786
11,704
11,639
11,635
11,551
VoIP
6,693
6,734
6,396
6,304
5,886
5,662
5,691
5,801
MVNO
19,079
19,507
21,142
21,457
21,650
22,234
22,026
21,927
3
Revenue in 2016 fell by 6.9% YoY due to drop in home shopping commission, Tving and analog TV revenue
Digital TV revenue fell slightly by 2.5% YoY mainly due to VOD's high base effect and lack of better contents
MVNO revenue picked up slightly by 2.5% YoY thanks to aggressive efforts during 2H to recover the lost pace
▣ Revenue ▣ Digital TV ▣ VOD▣MVNO
1,183
1,101
340
88
332
263269
77
-6.9%
YoY
-2.5%
YoY
-12.4%
YoY
+2.5%
YoY
(KRW bn)
2015 2016
2015 2016
2015 2016
2015 2016
(Unit: KRW bn)
4Q15 3Q16
4Q16
Revenue
291.7 280.3
261.5
TV
Analog
15.7 13.6
13.0
Digital
85.7 83.8
82.9
VOD
22.1 21.0
17.7
Internet & VoIP
Internet
32.0 29.8
29.3
VoIP
12.6 10.4
10.3
Advertising
Homeshopping
57.4 59.4
39.8
Local Adv.
11.6 8.6
10.8
MVNO
61.4 67.5
66.7
Service
54.6 54.4
55.4
Handset
6.8 13.1
11.2
Miscellaneous
15.3 7.1
8.8
QoQ (%)
YoY (%)
2015
2016
YoY (%)
-6.7%
-10.3%
1,182.6
1,100.6
-6.9%
-4.5%
-16.9%
68.5
55.6
-18.8%
-1.1%
-3.3%
340.1
331.6
-2.5%
-15.3%
-19.6%
88.3
77.4
-12.4%
-1.6%
-8.3%
132.1
120.8
-8.6%
-1.0%
-18.3%
54.1
42.7
-21.0%
-33.0%
-30.7%
225.7
217.6
-3.6%
25.9%
-6.8%
40.0
34.5
-13.6%
-1.3%
8.6%
262.7
269.4
2.5%
1.9%
1.5%
208.6
219.0
5.0%
-14.4%
66.0%
54.2
50.4
-7.0%
23.5%
-42.4%
59.5
28.3
-52.4%
4
CJ HelloVision Co. Ltd. published this content on 03 February 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 February 2017 08:22:10 UTC.
Public permalinkhttp://www.publicnow.com/view/14B9473BA493B60BE21D094E14F4D997B3FE9E41
LG HelloVision Corp, formerly CJ Hello Co Ltd, is a Korea-based company principally engaged in the provision of broadcasting and communication services. The Company operates its business through five segments. The Broadcasting segment provides analog and digital cable television (TV) services through Hello TV products. The Value-Added Service segment provides services such as Internet phone, terminal sales and management support for general cable broadcasting business through products such as Hello Phone and Hello Mobile. The Advertisement segment provides local advertisements, home shopping, and data home shopping channel transmission services through Hello TV Woori neighborhood products. The Internet segment provides Internet access and Internet phone service through products such as Hello Internet. The Product Sales segment is engaged in businesses such as mobile virtual network operator (MVNO) wireless telephone terminals sales, business to business (B2B), and rentals.
LG HELLOVISION CORP. 
