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 trading 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 streaming service offers a glimmer of hope, the overall performance indicates a need for strategic adjustments to address the operational hurdles and currency fluctuations impacting the business.
