The owner of DStv, whose pay-TV business operates across 50 countries in sub-Saharan Africa, said its performance was marred by weaker local currencies and constrained consumer spending, particularly in Nigeria, and extreme power disruptions in Zambia.
MultiChoice said its adjusted core headline earnings per share its measure of the underlying performance fell to 2c/share for the six months ended 30 September, down from R3.56/share a year earlier.
Overall group revenue at MultiChoice fell by 10 to R25.4-billion on a reported basis but grew by 4 on an organic basis, which excludes the impact of foreign exchange effects and mergers and acquisitions.
MultiChoice said subscriptions fell by 5 and 15, respectively, in its South African and Rest of Africa operations.
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