MultiChoice saved more money than expected during tough economic times across Africa. The entertainment company cut costs worth 3.7 billion rand and beat its target of 2.5 billion rand. Company leaders raised prices carefully to reduce damage from losing customers. Total revenue fell 9 percent to 50.8 billion rand because fewer people paid for subscriptions. The group lost 1.2 million subscribers but kept most of its 14.5 million customers.
New digital services helped the business grow despite challenges. DStv Internet sales jumped 85 percent as more people wanted faster connections. Streaming platforms DStv Stream and Showmax attracted many new users. The KingMakers betting website earned 76 percent more money than last year. MultiChoice plans to save another 2 billion rand next year through smart spending.
The company makes more local TV shows than any other African broadcaster. Big Brother Mzansi broke viewing records and SuperSport aired 7 percent more live sports. Canal Plus wants to buy MultiChoice and change how African media companies operate. Leaders focus on keeping video customers happy and expanding into banking and gambling services.
New digital services helped the business grow despite challenges. DStv Internet sales jumped 85 percent as more people wanted faster connections. Streaming platforms DStv Stream and Showmax attracted many new users. The KingMakers betting website earned 76 percent more money than last year. MultiChoice plans to save another 2 billion rand next year through smart spending.
The company makes more local TV shows than any other African broadcaster. Big Brother Mzansi broke viewing records and SuperSport aired 7 percent more live sports. Canal Plus wants to buy MultiChoice and change how African media companies operate. Leaders focus on keeping video customers happy and expanding into banking and gambling services.
