MultiChoice delivers strong Cost Savings and Strategic Resilience GARIKAI MAFIRAKUREVA JOHANNESBURG – MultiChoice Group has announced strong financial and operational results for the 2025 financial year, marked by focused strategic interventions and exceptional cost-saving achievements. In the face of significant macroeconomic pressures and currency volatility, the Group delivered ZAR3.7 billion in cost savings—well ahead of its revised ZAR2.5 billion target and nearly double the ZAR1.9 billion saved in FY24.
The Group’s disciplined pricing strategy, which included a 5.7% increase in South Africa and an average of 31% across the rest of Africa, helped counter the impact of an 8% decline in its active linear pay-TV subscriber base, now at 14.5 million. Despite these challenges, MultiChoice posted a 1% year-on-year organic revenue growth, supported by the success of new products. DStv Internet revenue rose by 85%, KingMakers by 76% in constant currency, and DStv Stream by 48%, while Showmax’s active paying customers surged by 44%. Calvo Mawela, MultiChoice Group CEO, highlighted the Group’s resilience, stating, “Our performance reflects both the challenges we’ve faced and the resilience of our teams. Our disciplined execution, cost management and investment in new long-term growth opportunities position us well for the future.” The Group also returned to a positive equity position through a combination of cost savings, stabilised currencies, and the sale of 60% of its insurance business NMSIS to Sanlam.......Full story on www.masvingomirror.com Follow The Mirror channel on WhatsApp: https://whatsapp.com/channel/0029VaDkczW42DcZ1gleaW2j https://masvingomirror.com/multichoice-delivers-strong-cost-savings-and-strategic-resilience/ Look out for your copy of The Mirror..... https://anyflip.com/pckiw/xtdj/