MultiChoice Group, a privately owned South African company founded in 1993, provides pay television services. As of 2023, it employed approximately 12,430 people and generated revenue exceeding $1 billion. Its offerings include DStv, GOtv, Showmax, and DStv Now. In addition to its media services, MultiChoice also operates as a technology vendor through its Irdeto subsidiary. Its headquarters are located in South Africa.
MultiChoice informed shareholders that the dividend for the year ending March 2025 will likely be significantly lower than previous years due to a challenging consumer environment in South Africa, resulting in negative subscriber growth and limited revenue growth. A separate report detailed a 99% drop in half-year profits, largely attributed to Nigeria's currency devaluation and economic crisis. On March 28, MultiChoice further indicated that constrained household spending, elevated inflation, and interest rates in various markets are expected to negatively impact performance in fiscal year 2025.
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Multichoice offers 2 products in the media and telecoms services industry. Multichoice's product portfolio comprises of broadcast television and radio and pay TV services.
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Multichoice's revenues were over $1B in 2023. Caretta Research has split Multichoice's revenue into 2 different product categories, the largest of which is pay TV. For full access to Multichoice's revenue breakdown subscribe to Caretta Portal.
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