DStv subscriber numbers increase in SA

Naspers announced its half-year financial results today (27 November 2012), reporting the addition of 187,000 subscribers to DStv in South Africa between March and September 2012.

According to the media giant, DStv now reaches 4.2-million households in the country.

Naspers said that 87% of the subscriber growth came from the Compact bouquet, which it said benefited from the satellite broadcaster’s local content offering.

In the financial results presentation, Naspers also stated that this growth was impacted by the “Easyview cleanup”, involving 32,000.

Personal video recorder (PVR) sales also increased by 90,000, DStv reported, with the cumulative base now at 747,000 households.

The BoxOffice service, which lets PVR subscribers rent movies on-demand, reached monthly movie rentals of 400,000. Naspers noted that BoxOffice was recently made available online, but didn’t say what the difference in rental numbers are between the online and PVR-based rental service.

DStv UEC HD PVR 2U
DStv UEC HD PVR 2U

DStv financials

Naspers showed in its financial presentation that DStv’s 13% year-on-year increase in subscribers has translated to a 16% increase in revenue (excluding intergroup adjustments) and a 19% increase in trading profit.

The trading margin also increased from 32% to 33% between September 2011 and September 2012.

This is in spite of a 21% increase in programming cost between September 2011 and September 2012, as well as increases in other costs such as development spend and capital expenditure.

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DStv subscriber numbers increase in SA