The company said total revenues for the 3 months ended September 30, 2024 rose $910 million (5%). Over the same period, postpaid revenues increased $1.0 billion (8%) and prepaid revenues rose $243 million (10%), while wholesale and other service revenues fell $452 million (39%).

1. 01

   The company said total revenues for the 3 months ended September 30, 2024 rose $910 million (5%). Over the same period, postpaid revenues increased $1.0 billion (8%) and prepaid revenues rose $243 million (10%), while wholesale and other service revenues fell $452 million (39%).

2. 02

   Operating income rose $1.2 billion (33%) for the 3 months ended September 30, 2024, the company said. Income before income taxes was $4.0 billion ($2.8 billion in the same period last year), net income was $3.1 billion ($2.1 billion in the same period last year), and the effective tax rate was 22.9% (24.8% in the same period last year).

3. 03

   Net cash provided by operating activities rose $845 million (16%) for the 3 months ended September 30, 2024, the company said. Cash used in investing activities over the same period included $2.4 billion for purchases of spectrum licenses and other intangible assets, including the first tranche of the 600 MHz license, and $2.0 billion for purchases of property and equipment.

4. 04

   The company said it acquired 3,504,000 prepaid customers through the Ka'ena Acquisition in Q2 2024. It cited the increase in average prepaid customers from this acquisition as a factor in higher prepaid revenues. Investing activities for the 9 months included $390 million in cash consideration, net of cash acquired.

Key figures

Quarter ended September 30, 2024

Revenue

$20.2B

Operating income

$4.8B

Net income

$3.1B

EPS

$2.61

Operating cash flow

$6.1B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.