Multichoice Revenue Declines by 9% in 24/25 FY Following Massive Subscriber Loss

Decline in Subscription to Blame

Inflationary Pricing Continues

Multichoice in a bid to offset these losses have maintained inflationary pricing with price increases of 5.7% in South Africa in FY25 (FY24: 5.6%) and an average of 31% in local currency in Rest of Africa (FY24: 27%), which enabled the group to offset subscriber volume pressures and deliver 1% YoY organic revenue growth in the current financial year.

The group also carried out a series of cost savings and leveraged on the accounting gain on the sale of 60% of the group’s shareholding in its insurance business (NMSIS) to Sanlam for growth.

Speaking on the group’s financial position, MultiChoice group CEO, Calvo Mawela, said,  “Our performance reflects both the challenges we’ve faced and the resilience of our teams. While macroeconomic pressures and currency volatility have weighed on our results, our disciplined execution, cost management, and investment in new long-term growth opportunities position us well for the future.

“We remain focused on being Africa’s entertainment platform of choice. Our strategy is shaped by developments in our industry, such as changes in technology which are driving shifts in consumer behaviour, as well as the impact of a rise in piracy, streaming services, and social media.” He concluded.