LG Uplus said revenue and operating profit rose in the first quarter, helped by subscriber growth and gains in its corporate infrastructure business.
On May 7, the company reported first-quarter 2026 consolidated revenue of 3.8037 trillion won, up 1.5% from a year earlier. Service revenue rose 3.3% to 3.0370 trillion won, while handset revenue fell 5.2% to 766.9 billion won. Operating profit increased 6.6% to 272.3 billion won.
Mobile revenue climbed 3.2% to 1.6526 trillion won on higher subscriber lines and stronger core telecom competitiveness. Mobile service revenue, excluding interconnection revenue, rose 3.7% to 1.5878 trillion won.
Total mobile subscriber lines grew 6.4% from a year earlier to about 30.931 million, with a net increase of 220,000 lines during the quarter. MNO lines rose 7.1% to about 21.967 million, and MVNO lines increased 4.7% to about 8.964 million.
5G handset subscribers rose 11.0% to 9.473 million, lifting 5G penetration among handset subscribers to 84.2%. MNO service ARPU, excluding IoT and MVNO lines, edged up 0.3% to 35,646 won.
Smart home revenue, which includes IPTV and internet, increased 4.1% to 656.3 billion won, supported by growth in gigabit internet subscribers. Internet revenue rose 7.9% to 320.0 billion won, and internet subscribers posted a net gain of 62,000 in the quarter to 5.64 million, up 4.5% from a year earlier. IPTV revenue increased 1.5% to 335.1 billion won, and IPTV subscribers rose 2.8% to 5.767 million.
Corporate infrastructure revenue grew 6.3% to 435.6 billion won. AIDC revenue jumped 31.0% to 114.4 billion won on expanded colocation and DBO sales. Solution revenue slipped 0.8% to 117.9 billion won, and corporate line revenue fell 0.1% to 203.3 billion won.
Voice revenue rose 1.1% to 84.5 billion won. Internet phone revenue fell 1.1% to 40.9 billion won, while corporate and international voice revenue increased 3.2% to 43.6 billion won.
"LG Uplus aims to build a stable profit structure by making stronger profitability in its core telecom business a key task and systematically securing competitiveness in its AX business," said CFO and CRO Yeo Myeong-hee. "We will consistently pursue this strategic direction to accelerate mid- to long-term growth and continue to enhance corporate value," she said.
LG Uplus said it will not pay a first-quarter dividend. The company said it will maintain its current dividend policy of paying twice a year, with interim and year-end dividends, instead of quarterly dividends.
* This article has been translated by AI.
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