LG HelloVision announced on August 6 that it recorded an operating revenue of 243.3 billion won, an operating profit of 3 billion won, and a net profit of 1.1 billion won for the second quarter of 2026.
The second quarter operating revenue decreased by 31.3% compared to the same period last year, while operating profit fell by 71.7%. This decline is attributed to a shrinking market for educational smart devices and overall difficulties in the broadcasting and telecommunications sectors.
By business segment, revenue from broadcasting was 119.8 billion won, internet services generated 33.5 billion won, and mobile virtual network operator (MVNO) services brought in 36.8 billion won. Broadcasting and MVNO revenues decreased by 2.7% and 9.9%, respectively, compared to the previous year. The drop in broadcasting revenue was primarily due to a decline in video-on-demand (VOD) sales, while the MVNO segment faced challenges from competition in low-cost mobile plans.
The rental segment reported 30.8 billion won, down 31.7% from the same period last year. The region-based business, including media and business-to-business (B2B) transactions, saw a significant decline of 55.5%, totaling 21.9 billion won, due to adjustments in the business portfolio.
Kim Young-jun, Chief Financial Officer and Chief Risk Officer of LG HelloVision, stated, “We will establish a foundation for recovering competitiveness and profitability through continuous management efficiency in the second half of the year.”
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.