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Sports Events Drive User Payment Trend – ELTA EPS 5.17 in First Three Quarters of 2024
November 4, 2024
ELTA Technology 【ELTA-Innovation (8487)】 held its board meeting today (November 4) and approved the company’s Q3 2024 financial statements. ELTA reported third-quarter revenue of NT$758 million, representing a substantial 252.56% increase compared to NT$215 million in the same period last year. Cumulative revenue for the first three quarters reached NT$1.189 billion, up 67.94% from NT$708 million a year earlier. Net profit after tax for the first three quarters was NT$135 million, a 43.62% increase compared to NT$94 million in the same period of 2023, with basic earnings per share (EPS) of NT$5.17.
Olympic Momentum and the Ohtani Effect
Driving the “Fan Economy”
Record-High Revenue in ELTA’s 24-Year History
ELTA’s outstanding performance during the first three quarters was fueled by the Paris Olympics and numerous high-profile sporting events throughout the year, including Major League Baseball’s “Shohei Ohtani Fever,” the Chinese Professional Baseball League (CPBL), BWF Badminton World Tour, WTT Table Tennis Tour, Formula 1, and major European football leagues. Revenue for the first three quarters has already surpassed the total for all of last year, marking the highest level in ELTA’s 24-year history. EPS for the first three quarters reached NT$5.17, nearly matching last year’s full-year EPS of NT$5.98. With the Premier12 baseball tournament and other major events coming in Q4, annual profit is expected to reach new heights.
MOD Ratings Leader Boosts Ad Revenue
Sports and Entertainment Dual Strategy Drives Steady Growth
In recent years, ELTA has broadcast over 10,000 hours of live sports annually. With the rise of digital convergence and the growing trend of paid premium content, audience habits have evolved significantly. ELTA has repeatedly achieved top ratings on Chunghwa Telecom’s IPTV MOD platform, while its OTT platform has seen substantial growth in both subscriptions and advertising revenue. Looking ahead, ELTA will continue to pursue its dual-track strategy—combining top-tier sports coverage with quality entertainment and variety programming—aiming for steady growth with continued breakthroughs in 2025.