MultiChoice H1FY23 results - SA revenues decline, headline loss

[Jan]

DStv revenue declines in South Africa — blames load-shedding for September subscriber drop

MultiChoice has released its results for the half-year from 1 April to 30 September 2022, showing that its DStv revenue in South Africa declined from R17.7 billion to R17.32 billion.

The pay-TV giant said it saw a weaker-than-normal first quarter.

 

[OCP]

Beginning of the end of monochoice ;-)

 

[Fjorko]

Too many sheeple that support them - they will not go away easily.

 

[lkswan747]

Never their fault, always find someone else to blame. Load shedding has been with us for a while now so how come this lead to a decline in subscribers for September? In other words, by the end of next year, their sunscriber base would have shrunk dramatically as loadshedding ain't going anywhere fast!
I am so, so glad I terminated my subscription years ago.

 

[LCBXX]

 

[Fuzzbox]

Its called a recession.

Drop the price to R399 for premium and the winds of CHANGE will blow.

 

[Asgard85]

They are looking everywhere possible for reasons to explain their situation - they’ve probably even looked under their couch cushions at this point.
They seem determined, however, not to hear the very simple message that for many people their value proposition simply doesn’t hold up anymore.

 

[FiestaST]

Time is a marchin on, that tune is 15 years old already.

 

[LCBXX]

Time is a marchin on, that tune is 15 years old already.

Now I feel old.

 

[Speedster]

LOLz

While MultiChoice is reporting year-on-year growth in DStv Premium package subscribers, a results presentation on its investor website shows that this was less than 1%.

 

[Gazg]

Huh??? Lmao