Chunghwa Telecom's Q2 2025 Earnings Call: Dissecting Contradictions in 5G Growth, Revenue Performance, and AI Investments

Revenue Growth and Segment Performance:
- Chunghwa Telecom reported record revenue of TWD 56 billion for Q2 2025, up 4.8% year-over-year, marking the fifth consecutive year of second quarter growth.
- Growth was driven by the expansion of the ICT business and higher sales revenue.

ICT Segment Performance:
- The company's ICT revenue set a new record for any second quarter since 2021, rising by 37% year-over-year.
- This segment's growth was supported by strong demand for enterprise ICT services, particularly in the financial and high-tech sectors, and increased demand for AIoT and cloud services.

Mobile Segment Performance:
- Mobile service revenue grew approximately 2% year-over-year in Q2 2025, with an average monthly fee increase of 38%.
- The growth was supported by a substantial increase in 5G subscribers, driven by robust network quality and ongoing subscriber base expansion.

Fixed Broadband Revenue Increase:
- Fixed Broadband revenue increased by 1.8% year-over-year, with ARPU rising by approximately 2%.
- The growth was attributed to successful strategic bundling plans and an increase in the number of subscribers with speeds of 300 megabits per second and above.

Strong Financial Performance:
- Income from operations and net income rose by 5.2% and 3.5% respectively, compared to the same period last year.
- The growth was supported by strong performance in the Internet Data Center business, steady increases in Mobile, and higher sales contributions from the company's subsidiaries.