{"id":323841,"date":"2019-06-18T16:26:11","date_gmt":"2019-06-18T14:26:11","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=323841"},"modified":"2019-06-18T16:26:11","modified_gmt":"2019-06-18T14:26:11","slug":"how-much-money-multichoice-makes-from-each-dstv-subscriber","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/media\/323841\/how-much-money-multichoice-makes-from-each-dstv-subscriber\/","title":{"rendered":"How much money Multichoice makes from each DStv subscriber"},"content":{"rendered":"

In its maiden results following its listing on the JSE in February, MultiChoice has<\/span> reported a 12% increase in its subscriber base, to 15.1 million.<\/p>\n

Revenue increased 6% to R50.1 billion and trading profit 11% (or 27% organically) to R7.0 billion. “This was underpinned by solid subscriber growth, as well as an ongoing focus on cost containment,” the group said in a statement on Tuesday (18 June 2019).<\/p>\n

Core headline earnings, the board\u2019s measure of sustainable business performance, climbed 10% to R1.8 billion and consolidated free cash flow doubled to R3.3 billion.<\/span><\/p>\n

A total of 1.6 million subscribers were added across the continent – representing 12% year-on-year (YoY) growth.<\/p>\n

“This was achieved despite continued macroeconomic headwinds and consumer affordability pressure, illustrating the resilience of our products,” MultiChoice<\/span> said.<\/p>\n

Core headline earnings, the board’s measure of sustainable business performance, was up 10% on last year at R1.8 billion.<\/p>\n

Operating profit was 15% higher to R7.36 billion, and while no dividend is being declared for FY2019, the group said it remains on track to declare a dividend of R2.5 billion \u2013 or 569 cents per share \u2013 for FY2020.<\/p>\n

South Africa<\/strong><\/p>\n

The South African business delivered subscriber growth of 8% YoY or 0.5 million subscribers and generated revenues of R33.7 billion – up 3% from the prior year.<\/p>\n

“This was on the back of healthy subscriber growth in the mass market and despite absorbing a 1% increase in value-added tax by not passing it on to customers,” Multichoice said.<\/p>\n

“The Premium segment remained under pressure as consumers were impacted by rising fuel and other costs and we competed for share of wallet,” it said.<\/p>\n

Average Revenue Per User (ARPU) declined from R335 to R322 <\/strong>due to the ongoing change in subscriber mix towards the mass market, the group said.<\/p>\n

“Sustained efforts to grow the digital offering through Connected Video and position the business for the future, saw good uptake of both the Showmax and DStv Now services. As a result, online subscribers doubled year-on-year.”<\/p>\n

\"\"<\/a><\/p>\n

\n

Read: SABC warns of a communication blackout as it runs out of money<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

In its maiden results following its listing on the JSE in February, MultiChoice has reported a 12% increase in its subscriber base, to 15.1 million. <\/p>\n","protected":false},"author":10,"featured_media":243829,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5554],"tags":[78,26,1253],"class_list":["post-323841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","tag-dstv","tag-headline","tag-multichoice"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/323841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=323841"}],"version-history":[{"count":12,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/323841\/revisions"}],"predecessor-version":[{"id":324007,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/323841\/revisions\/324007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/243829"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=323841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=323841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=323841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}