StarHub Ltd

CC3: XSES (SGP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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StarHub Earnings: Weaker Quarter Reflects Cybersecurity Volatility and Mobile Competition

Dan Baker

May 12, 2025

Starhub reported first-quarter 2025 results with service revenue down 0.7%, EBITDA down 5.2%, and net profit down 18%. This lags the company’s guidance, partly due to the timing of project recognition in its cybersecurity business and Dare+ costs.

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StarHub Ltd

StarHub Earnings: Weaker Quarter Reflects Cybersecurity Volatility and Mobile Competition

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