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Steady margins despite content cost normalisation

We continued to enhance our video entertainment offering and expanded the variety of services offered to our customers as we grow our entertainment ecosystem. We delivered steady margins, despite absorbing R1.1bn due to the normalisation of content costs.

Calvo Mawela – Group Chief Executive Officer

Calvo Mawela - Chief Executive Officer

FY22 by the numbers (% represent YoY growth)

Subscriber base
21.8m
90-day active

 5%

Revenue
R55.1bn
 

 3%

Trading profit
R10.3bn
 

 1% Organic growth

Core headline earnings
R3.5bn
 

 6%

Free cash flow
R5.5bn
 

 3%

Dividend declared
R2.5bn
ZA565c per share

~4% Yield

Results highlights

Executive review of our performance

During the year ended 31 March 2022 (FY22), MultiChoice Group (MCG or the group) continued to scale its core business platform and expand its ecosystem by increasing the variety of services offered to customers.

The group added 0.9m 90-day active subscribers to close the year on 21.8m subscribers, an increase of 5% year-on-year (YoY). The subscriber base in the Rest of Africa maintained its solid growth trajectory, increasing 7% YoY primarily on the back of investment in successful local content productions and live sporting events.

FULL EXECUTIVE REVIEW OF OUR PERFORMANCE