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LG HelloVision Q2 Operating Profit Plummets 72% Amid Market Slump

Communications · Major Telecommunications · yonhap_finance · 2026-08-06

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LG HelloVision reported a 71.7% drop in Q2 operating profit, citing a downturn in the broadcasting and telecommunications sectors.

What Happened

Weak Quarterly Results: LG HelloVision posted Q2 revenue of 243.3 billion KRW and an operating profit of 3 billion KRW. These figures represent significant declines of 31.3% and 71.7%, respectively, compared to the same period last year.

Sector Performance: The broadcasting division suffered from lower VOD revenue, while the MVNO segment faced intense price competition. Additionally, the rental and regional business units were impacted by portfolio restructuring and a highly competitive home appliance market.

Strategic Recovery: The company plans to bolster its subscriber base by introducing genre-specific VOD subscription services and bundled MVNO plans. Management is focused on strengthening competitiveness through these targeted service offerings.

Management Outlook: CFO Kim Young-jun emphasized that the company will continue to prioritize operational efficiency throughout the second half of the year to lay the groundwork for a recovery in profitability.

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