KT Corp Reports Q3 2026 Results with Growth in AX and Cloud Amidst Declining Wireless Revenue
KT Corp reported its third-quarter 2026 financial results, characterized by a mixed performance. Total operating revenue fell 1.8% year-over-year to KRW 6,997.5 billion, while operating income declined 6.1% to KRW 505.3 billion. These declines were primarily attributed to the conclusion of customer appreciation programs and high prior-year bases in real estate development. Despite the contraction in core wireless service revenue, the company saw significant momentum in its AI Transformation (AX) and cloud sectors. AX cumulative revenue grew 11.9% year-over-year, supported by data center expansions and major wins in the banking and defense industries. Additionally, KT Cloud and content subsidiaries reported strong growth, signaling a successful pivot toward high-growth digital infrastructure and media services.
Tickers: $KT
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