NewStats: 3,264,380 , 8,183,549 topics. Date: Tuesday, 10 June 2025 at 08:19 PM 485f6p

The South African pay-TV operator MultiChoice Group disclosed that its Nigerian unit, MultiChoice Nigeria, lost 243,000 subscribers on its Digital Satellite Television (DStv) and General Entertainment on Television (GOtv) services from April to September this year.

The company revealed these figures in its Interim Financial Results for the period ending 30 September 2024, which were released on Tuesday.

MultiChoice attributed this decline to Nigeria’s high inflation rate, which exceeds 30%, driven by the rising costs of food, electricity, and fuel, causing many customers to disconnect.

In its financial report for March 2024, MultiChoice had earlier reported an 18% subscriber loss in Nigeria.

The company further reported a 566,000-subscriber loss in the Rest of Africa operations over the past six months, with Zambia and Nigeria contributing the largest shares to this decline.

“With the Rest of Africa business having seen a decline of 803k subscribers in 2H FY24, this rate of decline slowed to 566k in 1H FY25,” stated MultiChoice.

The loss included 298,000 in Zambia and 243,000 in Nigeria, while other markets experienced a minor decline.

Extreme inflation and currency instability have negatively impacted the group’s profits, with MultiChoice Group CEO Calvo Mawela commenting, “We are making good progress in addressing the technical insolvency that resulted from non-cash ing entries at the end of the last financial year.”

Mawela noted that the group’s net equity position is expected to recover by November.

With regard to Zambia’s losses, the company attributed them to extensive power outages caused by drought, leaving some regions with up to 23 hours of daily outages.

The company also cited competition from streaming services and changes in viewer preferences as pressures on its traditional pay-TV model.

To adapt, MultiChoice invested an additional ZAR1.6 billion in its streaming service Showmax, which reported 50% year-over-year growth.

Mawela added, “Showmax strategically positions the business to actively participate in the streaming revolution as it gains momentum across Africa.”

https://saharareporters.com/2024/11/12/multichoice-nigeria-loses-243000-dstv-gotv-subscribers-six-months-over-inflation-price

They should just pack one side with their extortion. Until they they change subscription to pay as you watch, they will continue to lose customers with their contents that promotes promiscuity over educative programmes

They will soon run away from Nigeria

I made this projection sometimes last year. Aside the employment issues that will hit the company. Their income tax and company tax will also be impacted.


Almost all the corporate companies are bleeding except banks and oil companies. Some not so strong Banks should be watchful for 2025.

The decline is affecting breweries, telcos, aviation industry, manufacturing firms, transportation , eateries, supermarkets, logistics companies, supply chains, pharmaceutical companies etc


Very very soon states where these companies are hosted will start feeling their decline via low income tax rates

Ttalk:
They should just pack one side with their extortion. Until they they change subscription to pay as you watch, they will continue to lose customers with their contents that promotes promiscuity over educative programmes

Don't mind them

They're blaming the loss of customers on inflation

Meanwhile, Netflix is growing under the same inflation

Who are they deceiving?

So many people are not happy with their pricing model on which they even repeat movies and shows without an opportunity to choose what to watch when you want it

They should continue increasing prices for their packages. I don't even see the sense in increasing price and losing customers.Keep the price low,and retain your customers.

Nawa Nlfpmod. Pipu self no too get money to subscribe. Internet don take over.

More customers will still go

People are struggling to survive this T-pain economy, so subscribing to paid TV is the least of their concerns.

They know the real problem here
When u keep increasing subscription every month. U didn't know it will have repercussions?
Make dem go sit-down

Do pay per View. U say mba
So deal with it
You have pushed Nigerians to the wall

is due to t-pain price

Na wa. They should continue to increase their price, them go sell oo.

Hmmm

I NO FIT LAFF

MULTICHOICE HAS DIED A NATURAL DEATH JUST LIKE THEIR NONESENSE BIG BROTHER NIGERIA

I'm no 1. Rubbish!

COMRADES, why wouldn't they lose after the central government is very weak and incompetent to the extent that they can't cater for her citizens anymore?

Oyyana

By the time Tpain is done with us, na only radio everybody go dey use.

Ap....Haaa someone just pressed my neck

That's massive baby

Nice one!

Ofcos, cos u guys are useless now..
Politicians are using u pple to kill any other viewing business like tstv and others..

This is jus the beginning

Tinubulation and Shege Promax Doings

All thanks to the Emir of Shege Promax Emirate

They will lose more in 2025. It will be a miracle if the company survives 2025 in Nigeria. The only thing sustaining dstv right now is Nigeria's embarrassing inflation rate and forex. This has affected the cost of data, ISPs, and smart tvs.

Nothing is permanent

Druglord economy tough, either they adjust or stfu

It's not yet 1million in 3 months.

Now that we have smart TV, Dstv and other cable TVs will soon go into extinction.

Racoon:
Nice one!

ATCIS Convener and president in the person of Mr Bilesanmi goofed@ making multichoice to do the right things.



seniorwriter

Make dem and wuruwuru politicians be subscribing to it