JOHANNESBURG, South Africa – MultiChoice, Africa’s foremost entertainment platform, don tell shareholders say make dem prepare for tougher times ahead. Dis come as dem dey operate for a challenging consumer environment.
Since the past two years, MultiChoice, wey dey run DStv service, don lose subscribers from over 23 million to 19.3 million. Na big part of dis subscriber loss happen outside South Africa, dem report.
In earlier statement, di company explain say “di loss for di rest of Africa don mainly happen because of significant consumer pressure for Nigeria, wey inflation don dey stay above 30% for almost all di last year. Recent power cuts for Zambia also affect di situation,” dem talk.
For di voluntary operational update, di group mention say dem dey prepare di financial results for di year Wey go end on March 31, 2025. Di announcement to shareholders also tok say di challenging consumer environment don lead to decline in subscribers and limited revenue growth.
MultiChoice dey monitor di situation closely as dem work on strategies to regain subscriber confidence and improve overall business performance. Investors and market analysts go dey watch closely how dis developments go play out for di industry.
