• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Price increase in Nigeria, others push Multichoice RoA to first profit in 4 years 

Samson Akintaro by Samson Akintaro
June 14, 2023
in Business News, Sectors
MultiChoice reports N196.3 billion in subscription revenue from Nigeria

Calvo Mawela, CEO, MultiChoice Group

Share on FacebookShare on TwitterShare on Linkedin
  • Multichoice Group’s operations in the Rest of Africa (RoA), led by Nigeria, achieved its first trading profit in the financial year ending March 31, 2023. 
  • The group added 1.7 million 90-day active subscribers, an 8% year-on-year growth, to reach a total of 23.5 million subscribers. 
  • Multichoice Nigeria played a significant role in driving the company’s performance, accounting for 44% of the RoA subscription revenue and achieving a 29% growth in subscription revenue from 2022 to 2023. 

Multichoice Group said its operations in the Rest of Africa (RoA) led by Nigeria recorded its first trading profit in the financial year that ended March 31, 2023, on the back of the price increment it implemented in April last year.  

According to the company’s full-year financial statement just released, the Rest of Africa’s business generated a positive trading profit of ZAR0.9bn, representing a 4% trading profit margin and a ZAR2.8bn organic improvement from the prior year. Multichoice said this came as the first positive trading profit recorded since the group was listed in 2019.  

Aside from the price increment, Multichoice said the strong performance was also boosted by decoder subsidy and marketing investments for the FIFA World Cup. Outside its home country, South Africa, the group said its overall subscriber base was also boosted by the Rest of Africa. 

RelatedStories

Multichoice Nigeria increases DStv, GOtv subscription prices again, effective March 1 

MultiChoice: Court reserves judgment on ‘GOtv, DStv price increases’ in Nigeria till May 8 

March 27, 2025
Multichoice, FCCPC

Court restrains FCCPC from taking administrative steps against MultiChoice over GOtv, DStv price increases  

March 12, 2025

 The group added 1.7 million 90-day active subscribers, representing 8% year-on-year growth, to close the year with 23.5 million subscribers. The 90-day subscriber base comprised 14.2 million households (60%) in the Rest of Africa and 9.3 million households (40%) in South Africa.  

In what has now become an annual ritual, Multichoice implemented another price increment in Nigeria and other operating units in May this year.  

Exceptional performance 

Describing the growth recorded by the RoA as exceptional as its South African operation was unimpressive in the year, Multichoice stated: 

  • “The strong performance in the Rest of Africa, which added 1.4m subscribers, was underpinned by the decoder subsidy and marketing investments for the FIFA World Cup, which will be fully paid back by the end of 1H FY24. This together with annual price increases resulted in the Rest of Africa delivering positive trading profit for the first time since the group was listed in 2019. This is an exceptional performance from the Rest of Africa team as it was achieved despite absorbing more than ZAR2.9 billion in currency losses in the last four financial years.  
  • “In contrast, the South African consumer environment weakened sharply, especially in the second half of the financial year. Permanent high stages of load-shedding, interest rate hikes, and elevated inflation levels have left a large portion of the group’s customer base unable to watch or afford video entertainment services. Although SA 90-day subscribers grew by 0.3m YoY, lower levels of activity, represented by active days, were experienced which resulted in a 2% decline in SA revenue.” 

Nigeria as the driving force 

While the RoA subscription revenue grew by 16% to ZAR20.4 billion in the period under review, Multichoice Nigeria accounted for 44% as it was able to grow its subscription revenue by 29% from N177.5 billion (ZAR7.1 billion) in 2022 to N227.1 billion (ZAR9.1 billion) in 2023.  

According to Multichoice, the performance from the Nigerian operation was also boosted by the hosting of the company’s annual TV game show, Big Brother Naija, which usually attracts millions of Nigerian youths.  It added that the Rest of Africa’s revenues now contributes 38% to overall group revenues, up from 33% in the prior year.  

 

 


Follow us for Breaking News and Market Intelligence.
Tags: Multichoicesubscription
Samson Akintaro

Samson Akintaro

Samson Akintaro is a tech enthusiast and has over a decade experience covering and writing about the tech industry. He is currently the Tech Analyst at Nairametrics.

Related Posts

Multichoice Nigeria increases DStv, GOtv subscription prices again, effective March 1 
Legal & Regulations

MultiChoice: Court reserves judgment on ‘GOtv, DStv price increases’ in Nigeria till May 8 

March 27, 2025
Multichoice, FCCPC
Breaking News

Court restrains FCCPC from taking administrative steps against MultiChoice over GOtv, DStv price increases  

March 12, 2025
MultiChoice
Sectors

FCCPC directs Multichoice Nigeria to maintain current prices pending investigation 

February 27, 2025
Multichoice Nigeria increases DStv, GOtv subscription prices again, effective March 1 
Exclusives

Nigerians weigh options as Multichoice hikes prices amid increase in data costs 

February 27, 2025
MultiChoice
Legal & Regulations

Multichoice: AGF opposes lawsuit in Pay-Per-View case against GOtv, DStv in Nigeria 

February 26, 2025
Multichoice Nigeria increases DStv, GOtv subscription prices again, effective March 1 
Business News

FCCPC summons MultiChoice over DStv, GOtv price hike in Nigeria 

February 25, 2025
Next Post
Nigeria Air: Why Nigeria doesn't need a national carrier – Allen Onyema

Hadi Sirika: Allen Onyema says Minister allegedly lied to praise his partners, Ethiopian Air

Comments 1

  1. Ogbeche says:
    June 14, 2023 at 6:25 pm

    Kposa for we the Multichoice Driving force of sale in Nigeria

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • GTB, UBA resume international transactions on naira cards with varying spending limits 
  • World Bank Appoints Mathew Verghis as Country Director for Nigeria 
  • 10 African Central Banks exploring digital currencies in 2025 

Follow us on social media:

Recent News

Nigerian bank customers risk financial losses by exposing ATM card numbers—Zecharia Akinpelu

GTB, UBA resume international transactions on naira cards with varying spending limits 

July 4, 2025
World Bank Appoints Mathew Verghis as Country Director for Nigeria 

World Bank Appoints Mathew Verghis as Country Director for Nigeria 

July 4, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics