MultiChoice grows subscribers while managing lower ad revenue
Group adds 1.2-million customers in half-year, topping 20-million for the first time
MultiChoice reported a 41% rise in earnings for the half-year to September, benefiting from higher entertainment demand during the Covid-19 lockdown as it was hit by reduced advertising revenue.
The DStv operator, which has attracted the attention of French broadcasting group Canal+ added 1.2-million customers during the period, crossing the 20-million mark for the first time to 20.1-million. The subscriber base is split between 11.4-million households (57%) in the rest of Africa and 8.7-million (43%) in SA...