Singtel's digital advertising arm hits breakeven point
Revenue grew 128% to $321m and boosted its earnings to $20m.
Singtel's digital advertising business finally hit a breakeven point in Q3, as its $9m earnings before tax were positive for the first time.
OCBC Investment Research noted that its EBITDA also increased to $20m versus $11m in Q2.
This was on the back of its revenue growing 128% YoY and 17% QoQ to $321m.
Overall Group Digital Life registered EBITDA of $14m due to higher investments in content and operating costs in HOOQ in the ramp up stage.