South Africa’s Naspers has reported a 20 per cent revenue increase from its pay-TV subsidiary MultiChoice, highlighting growth in its digital terrestrial television (DTT) offering.
MultiChoice’s revenue grew to ZAR36.3 million (US$3.4 million) from ZAR30.2 million (US$2.8 million) last year, while its earnings showed 16 per cent year-on-year growth, increasing to ZAR10.4 million (US$980,000) from ZAR8.9 million (S$839,000) this time last year.
The company’s subscriber base grew by 19 per cent and now covers over 8 million households in 50 countries.
“We continue to invest in our online offering, expanding our services on mobile phones, tablets and computers, and launched an improved personal video recorder,” the company said.
The company has been expanding its services recently.
HumanIPO reported in April MultiChoice had launched its Video on Demand (VoD) service BoxOffice in Nigeria, allowing subscribers to rent and watch films from their living rooms.
The company has also recently signed a deal with Global satellite provider Intelsat to expand its direct-to-home (DTH) service.
The deal will also put another satellite in Intelsat’s service and will be co-located with an already existing Intelsat satellites at 68.5˚E.
Naspers also highlighted an increase in revenue in its internet businesses, reporting revenue growth of 65 per cent.
The businesses in this segment include Tencent, QQ, Russian email provider Mail.ru, and e-commerce businesses including Allegro.
