Earnings release
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SK telecom FOR IMMEDIATE RELEASE SK Telecom Announces 1Q 2021 Earnings Results The company posts revenue of KRW 4.781 trillion , operating income of KRW 388.8 billion , and net income of KRW 572.0 billion . Compared to the same period last year , the revenues of Media , Safety & Care and Commerce businesses increased by 17.6 % , 20.3 % and 7 % , respectively . The company catered to diverse needs of customers by launching new 5G price plans and subscription - based services in areas including education and rental . - Seoul , Korea , May 11 , 2021 – SK Telecom ( NYSE : SKM , hereinafter referred to as " SKT " ) today announced its earnings for the first quarter of 2021 on a K - IFRS consolidated basis : revenue of KRW 4.781 trillion , operating income of KRW 388.8 billion , and net income of KRW 572.0 billion . Compared to the same period last year , SKT's consolidated revenue and operating income increased by 7.4 % and 29 % , respectively , backed by the growth of its New ICT businesses including Media , Safety & Care ( formerly Security ) and Commerce . The combined total revenue of SKT's New ICT Businesses has increased by 16.7 % year - on- year ( YoY ) to KRW 1.521 trillion , taking up 31.8 % of SKT's total revenue for the first quarter . Their combined total operating income expanded by 64.1 % YoY to KRW 103.4 billion . Net income grew by 86.9 % YoY affected by factors including increased equity method gains from SK Hynix . The Media business achieved remarkable growth in both revenue and operating income affected by the growth of the IPTV business and SK Broadband's merger with T - broad . Its revenue increased by 17.6 % YoY to KRW 967.0 billion and the operating income surged by 98.8 % to KRW 75.4 billion . To strengthen the media business value chain including content , channel and platform , SK Broadband established a Multiple Program Provider named MediaS in January 2021 and began offering services in April 2021. Through collaboration with Kakao Entertainment and SM C & C , 70 % of all programs being provided by ChannelS , the entertainment channel of MediaS , are exclusive original content .