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ELTA Technology Successfully Passes Taiwan Stock Exchange Listing Review – Expected Official Listing in Q1 2024
December 6, 2023
The Taiwan Stock Exchange today (6th) held a Securities Listing Review Committee meeting and approved ELTA Technology Co., Ltd. (8487) for listing on the Taiwan Innovation Board. ELTA Technology is expected to become Taiwan’s first fully new-media-operated listed company in the first quarter of 2024.
Founded in 2000, ELTA Technology—Taiwan’s leading broadcasting brand—has long been dedicated to international sports broadcasting. Together with strategic partner Chunghwa Telecom MOD, ELTA has successfully broadcast four Summer Olympic Games, four FIFA World Cups™, and four Asian Games, earning wide recognition among audiences. Backed by over two million digital followers, ELTA has developed an innovative business model that integrates cloud-based media storage with a world-class technical team experienced in major international sports broadcasts, firmly establishing itself as an industry leader in Taiwan’s sports media landscape.
ELTA founder and Chairperson Sally Chen stated: “ELTA was born digital—technology is in our DNA. Over the past 20 years, we’ve continued to innovate, delivering diverse applications and services through the digital cloud, and providing audiences with the highest-quality video experiences.”
ELTA’s main business includes digital channel operations and distribution, digital content production and licensing, OTT streaming and subscription services, sublicensing, digital advertising, and sports technology–integrated media projects.
In recent years, ELTA has overcome the challenges of the COVID-19 pandemic and achieved outstanding success with the 2021 Tokyo Olympics, 2022 FIFA World Cup Qatar™, 2023 World Baseball Classic, and Hangzhou Asian Games. In 2022, the company recorded NT$61.14 million in after-tax profit and an EPS of NT$2.81. For the first three quarters of 2023, after-tax profit has already reached NT$120 million with an EPS of NT$4.28—surpassing last year’s total. The fourth quarter is expected to continue benefiting from the Asian Games and other major events, setting the stage for another record-breaking year.
Partnering with MOD to Build Taiwan’s No.1 Sports Broadcasting Platform
Goal: “The Delta Electronics of Digital Cloud Sports Broadcasting”
ELTA will continue its close partnership with Chunghwa Telecom MOD, integrating advanced technologies such as 4K, VR, AR, and AI to elevate the viewing experience and attract new audiences. The company also aligns with global ESG trends focused on energy efficiency and low-carbon operations, upholding its vision of “Rooted in MOD, Connecting the World Through Digital Media.” ELTA aspires to become “the Delta Electronics of the digital cloud sports broadcasting industry,” serving as a benchmark of innovation and excellence.
With the successful approval of its Taiwan Innovation Board listing application, ELTA is on track to achieve a milestone long in the making. Through its presence in the capital market, ELTA aims to give sports-loving investors another channel to support Taiwan’s athletic development. By delivering premium broadcasts, ELTA will continue to energize the “eye economy” and contribute to the positive growth of Taiwan’s sports and entertainment industries.