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- MultiChoice’s SA subscribers shrink to 8.6-million
- Poor performance blamed on tough economic conditions
- Revenue per user in rest of Africa is also declining
MultiChoice has lost 11% of its total customer base, ending its financial year with 20.9-million subscribers. Its South African subscriber base has contracted by 8% to 8.6-million, according to the group’s latest results.
The JSE-listed company has, until now, managed to consistently grow its customer numbers, holding steady through Covid-19. It blames the fall in numbers on a ‘challenging consumer environment’.
Owner of DStv, Showmax and SuperSport, Africa’s largest pay-TV operator stretches to Ethiopia, Ghana and Nigeria. Its rest of Africa numbers are also headed downward, falling by 1.8-million subscribers.
Its reported average revenue per user is a slim R170, with the rest of Africa segment dropping by almost a third to R113. Although twice as firm in SA, local average revenue per user is now R254, a way off the R335 it hit in 2018.
The group is in talks with France’s Groupe Canal+ about a R30-billion takeover deal.
— 14 June, 2024Subscribe to the weekly newsletter for more charts like this
