MultiChoice faces subscriber exodus as annual losses mount

ENTERTAINMENT company MultiChoice, releasing its results for the year ended March 31, 2025, disclosed a loss of 2.8 million active linear subscribers in the past two financial years.

- PHILIPPA LARKIN

In the reporting period linear subscribers were down 1.2m, or 8%, to 14.5m active subscribers, with the loss evenly split between South African (0.6m) and Rest of Africa (0.6m).

The group said although reflecting an improvement on 2024 trends, "this indicates ongoing broad-based pressure across the group’s entire customer base".

"The past two financial years have been a period of significant financial disruption for economies, corporates and consumers across sub-Saharan Africa due to challenging macro-economic factors. Combined with the impact of structural industry changes in video entertainment such as the rise of piracy, streaming services and social media, this has materially affected the overall performance of the MultiChoice Group," it said.