MultiChoice warns shareholders about expected profit decline

[Daniel Puchert]

MultiChoice warns of profit slump
MultiChoice has informed shareholders that it expects to report a trading profit decline of between 19% and 23% for the year ended 31 March 2024.

The company attributed the decline to the foreign exchange impact from weaker currencies against the US dollar and year-on-year Showmax trading losses.

 

[Toxic T]

Econ 101:
If your price is too high there will not be enough buyers for your product.
Solution: Decrease your price.
They have reached the height of the bell curve in terms of pricing vs active subscribers a long time ago.

 

[mypetcow]

 

[DapperDanMan]

If it was to be expected ... why bother?

 

[Fuzzbox]

Sport for R350 per month

 

[G.A.S]

Sport for R350 per month

Half the issue is that they have to pay less to acquire the sport in the first place. They willingly bid absurd amounts for exclusive rights.

 

[Fuzzbox]

They sell a full business package for R600 per month per tv.
This includes all the sport.

 

[object]

Daily DStv / Multichoice Article ~ 07/06/24

 

[Lupus]

They sell a full business package for R600 per month per tv.
This includes all the sport.

That is ridiculous though