KT revenue falls 1.8% to KRW6.998 trillion

KT Corp. (NYSE:KT) reported third-quarter 2026 consolidated revenue of KRW6.998 trillion, down 1.8% year-over-year, as subscriber trends and customer reward programmes affected its telecommunications business.

Operating profit declined 6.1% to KRW505.3 billion, while net income fell 17.5% to KRW367.3 billion and EBITDA decreased 5% to KRW1.428 trillion.

Wireless service revenue declined 3.9% following earlier subscriber losses and the financial impact of customer rewards and penalty-fee waivers, although management reported signs of recovery in August and September as 5G penetration reached 83.5%.

KT's enterprise service orders increased more than 20% year-over-year, while its Token Factory platform and AI data centre investments formed part of its strategy to expand enterprise artificial intelligence services.

The company's subsidiaries also recorded growth, with kt cloud revenue increasing 7.7% year-over-year and KT Estate revenue rising 39.1%, supported by hotel and property development projects.

Meanwhile, KT declared a third-quarter dividend of KRW600 per share, maintained its minimum annual dividend commitment of KRW2,400 per share for 2026 and reaffirmed its focus on AI infrastructure and enterprise technology services.