MultiChoice loses 1.2 million subscribers as currency woes impact revenue
- MultiChoice lost 1.2 million subscribers in the fiscal year ending March 2025.
- Group revenue fell by ZAR 5.2 billion ($280 million) to ZAR 50.8 billion.
- Trading profit declined by 49% to ZAR 4.0 billion due to increased losses from Showmax.
The significant subscriber loss and revenue decline at MultiChoice highlight the challenges faced by pay-TV operators in Africa, particularly in volatile economic conditions. While the growth of the Showmax platform offers a glimmer of hope, the overall financial health of the company raises concerns about its ability to sustain operations and compete effectively in the market. Further discussion is warranted on strategies to enhance subscriber retention and mitigate currency risks.
