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Rest of Africa returns to profitability for Multichoice

June 14, 2023 13.21 Europe/London By Julian Clover

Multichoice produced a robust performance in the Rest of Africa with the pay-TV group adding 1.7m 90-day active subscribers to close the year on 23.5 million subscribers.

The 90-day subscriber base comprised 14.2m households in the Rest of Africa and 9.3 million households in South Africa.

Revenues increased by 7% boosted by the World Cup, while technology arm Irdeto saw its revenues fall by 4% (17% organic) amid ongoing global supply constraints and the decision to exit all Russian based activities.

Group trading profit decreased 3% on the impact of foreign exchange and weaker South African earnings.

In a trading statement issued last Thursday, MultiChoice warned of the impact of the South African economy that led to SA margins to contract to 24% from 31% in the prior year.

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Filed Under: Newsline Edited: 14 June 2023 13:21

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on X @julianclover, or by email at jclover@broadbandtvnews.com.

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