▲Summary of Consolidated Income Statement (Unit: 100 million won)


Sales of KRW 4.2772 trillion, operating profit of KRW 432.4 billion, and net profit of KRW 220.3 billion

SK Telecom (CEO Yoo Young-sang) maintained growth in its key business areas, with both sales and operating profit increasing year-on-year.

SKT announced on the 10th that it recorded sales of KRW 4.2772 trillion, operating profit of KRW 432.4 billion, and net profit of KRW 220.3 billion for the first quarter of 2022 based on consolidated financial statements.

SKT and SKB saw consolidated revenue and operating profit grow by 4% and 15.5%, respectively, year-on-year in key business areas such as MNO and IPTV. Net profit declined by 61.5%, excluding equity method gains from SK Hynix, a result of the spin-off implemented in November of last year.

SKT recorded sales of KRW 3.0774 trillion and operating profit of KRW 356.9 billion in the first quarter of 2022 on a separate basis, representing growth of 3.2% and 16.2%, respectively, compared to the same period last year.

SKT announced that the number of 5G subscribers increased by more than 1 million.

SKB recorded sales of KRW 1.026 trillion, a 6.1% increase year-on-year. Operating profit increased by 0.9% to KRW 76.1 billion. SKB has achieved the top spot in net IPTV subscriber addition for four consecutive quarters since the second quarter of 2021.

SKT announced that it will pursue growth this year by focusing on its five major business units.

Subscription service "T Universe" recently surpassed 1 million users, with its total gross merchandise value (GMV) exceeding 130 billion won in the first quarter alone. Metaverse service "E-Friend" also achieved 1.35 million MAU (monthly active users) as of March and announced that it is in discussions to expand globally.

The media business reported rapid growth, with sales increasing 10.3% year-over-year. SK Store achieved sales of KRW 89.5 billion in the first quarter of 2022, solidifying its position as the leading domestic e-commerce company.

Sales from the enterprise business, centered around data centers and the cloud, also grew significantly, increasing 17.4% year-over-year. The Gasan and Siksa data centers, which opened in July of last year, are expected to continue growing based on steady demand, and the next data center is also under preparation. Furthermore, the company stated that cloud service revenue is also on a steady upward trend, driven by increasing cloud usage.

SKT CFO Kim Jin-won stated, “In the first quarter of 2022, our major business areas, including MNO, media, and enterprise, grew evenly,” and added, “We will make this a year of growth and innovation centered on our five major business groups.”