MultiChoice warns shareholders to expect interim results pain next week

Jan

Jan

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MultiChoice tanks as it warns of R1 billion drop in trading profit

MultiChoice has warned shareholders to expect six-monthly trading losses between 16% (R1 billion) and 21% (R1.3 billion) lower than the R6.1 billion it previously reported.

The company is set to release its interim trading statement for the half-year ended 30 September 2023 next week.
 
Tanks? It's been tanking this entire year after Mar, 43% drop
 
Speedster said:
How is this possible? Wasn't the continued price increase meant to lead to infinity profits? Probably time to jack up the price again. And while they're at it, add a streaming surcharge.
Click to expand...
What continued price increase? 4 years ago it was R809
www.news24.com

DStv 2019 increases: Here’s what you’ll pay from April | Life

MultiChoice has confirmed 2019's DStv price increases for its pay-TV packages.
www.news24.com www.news24.com
This year its R879
mybroadband.co.za

DStv Premium vs Compact — price and channel comparison

This is how DStv’s Premium, Compact Plus, and Compact packages differ in terms of channels and pricing.
mybroadband.co.za mybroadband.co.za

They've increased the price 8.75% in 4 years? That extra 70 bucks is really going to do it.
 
Lupus said:
What continued price increase? 4 years ago it was R809
www.news24.com

DStv 2019 increases: Here’s what you’ll pay from April | Life

MultiChoice has confirmed 2019's DStv price increases for its pay-TV packages.
www.news24.com www.news24.com
This year its R879
mybroadband.co.za

DStv Premium vs Compact — price and channel comparison

This is how DStv’s Premium, Compact Plus, and Compact packages differ in terms of channels and pricing.
mybroadband.co.za mybroadband.co.za

They've increased the price 8.75% in 4 years? That extra 70 bucks is really going to do it.
Click to expand...
I have it as R994
 
Their days are numbered. When they decide to offer what people actually want they will make a profit again, maybe
 
Speedster said:
I have it as R994
Click to expand...
That's with the access fee for pvr and catchup. It would've been 908 in 2019 still under 10% in over 4 years. Nothing else has increased that low in 4 years.
So the 86 bucks extra is really going to fix it?? Their biggest issues have been their stubbornness on streaming and investing so much in Showmax which isn't going to get profit.
No streaming service does.
 
Enzo Matrix said:
Their days are numbered. When they decide to offer what people actually want they will make a profit again, maybe
Click to expand...
Why? Streaming gave people what they wanted, they don't make profit. Mainly as people expect high quality entertainment for as cheap as possible.
 
Lupus said:
Why? Streaming gave people what they wanted, they don't make profit. Mainly as people expect high quality entertainment for as cheap as possible.
Click to expand...
Sport only was what i was referring to
 
Speedster said:
How is this possible? Wasn't the continued price increase meant to lead to infinity profits? Probably time to jack up the price again. And while they're at it, add a streaming surcharge.
Click to expand...
Don't forget the non-stop spam that only stops once you cancel. I've never had a company disrespect me quote like this crowd. Always trying to sell me a new decoder. It's not enough that I pay them a grand a month.
 
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