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Our business overview

Enriching lives by creating
'a world of more'

Africa is our home - we provide entertainment and consumer services to 23.5m subscribers(1) across sub-Saharan Africa.

Already Africa's leading entertainment platform

We create and licence exceptional local and international content, which we deliver to our viewers anytime, anywhere and on any device through first-class direct to home (DTH) satellite broadcast, digital terrestrial television (DTT) broadcast and over the top (OTT) video entertainment streaming services. We offer programming in 40 languages(2) and provide access to the best in local, sport and international content. In recent years we have expanded beyond traditional linear video to offer online and mobile streaming services, proprietary connected devices and a growing selection of aggregated third-party services. We have also added sports betting as an entertainment service adjacent to our core video offering, which will grow into a broader interactive entertainment offering in time.

Our platform business

Video entertainment
LINEAR
SVOD
B2B technology
services
Home services
Fin-tech
Interactive entertainment
Over 30 proprietary local
content channels(3)
across
10 markets

Produced 6 587 hours
of local content this year,
local content library now
76 014 hours
(1) 90-day active subscribers.
(2) Relates to all languages broadcast on our platforms, including international and free-to-air (FTA) channels.

A trusted brand and a platform
of choice
for Africa

Building Africa's leading consumer services ecosystem

We are a trusted brand and a platform of choice for millions of African households. With 23.5m (FY22: 21.8m) households(1) subscribing to our linear video entertainment services at year-end, we reach more than 100m people(2) across 50 countries on a daily basis.

Understanding Africa, its people and their challenges is our strength. Therefore, while we continue to grow our core business, we are also leveraging our scale and distribution to build an ecosystem of scalable.

We are pursuing these opportunities organically, through partnerships, and/or through equity investments. Our objective is to create a better experience and an improved value proposition for our customers and to create long-term value for shareholders.

’World of champions’

63
thematic and variety
sports channels(3)
Leaders in sports broadcasting, with
24 899 live events
and 1 068
own productions
broadcast this year

’A gateway to global entertainment’

4 distribution partnerships with
leading international
third-party streaming video on demand
(SVOD) operators
Compelling international
content from multiple providers
on 81
linear channels(4)
(1) 90-day active subscribers.
(2) Based on an average of around 4.5 people per household per our internal calculations using country household surveys and census information.
(3) Channel count includes regional variations for Africa and Nigeria.
(4) Channel count excludes specialist Indian, French and Chinese language channels.

We are a multinational group with a home in Africa

South Africa(1)

Established in 1985

As the leading video entertainment platform in South Africa, we provide our subscribers with access to world-class local and international content through our linear video broadcast service DStv (DTH), our linear OTT services (DStv via streaming) and our growing portfolio of connected devices, aggregated third-party streaming offerings and various technology-based consumer services. Through DStv Media Sales we offer advertising services across our platforms and footprint on the continent.


59%
of group revenue
(FY22: 65%)

ZAR8.5bn
trading profit
(FY22: ZAR11.0bn)

9.3m
subscribers(2)
(FY22: 9.0m)

Rest of Africa

Established in 1992

With a diversified presence across geographies, platforms and consumer segments, we offer world-class local and international content to customers across 49 markets in sub-Saharan Africa and adjacent islands primarily through our linear video services, DStv (DTH) and GOtv (DTT).(3)


38%
of group revenue
(FY22: 32%)

ZAR0.9bn
trading profit
(FY22: ZAR1.2bn loss)

14.2m
subscribers(2)
(FY22: 12.8m)

Technology (Irdeto)

Established in 1969

Wholly owned Irdeto provides services and solutions that protect revenue, enable growth and fight cybercrime in video entertainment, video games and connected industries including transport, health and infrastructure.

It services the security and anti-piracy needs of the group, as well as some of the world's leading video entertainment, mobile and connected industry service providers.


3%
of group revenue
(FY22: 3%)

ZAR0.6bn
trading profit
(FY22: ZAR0.5bn)

382
customers
(FY22: 392)

(1) From a MultiChoice Group reporting perspective, the South Africa segment includes our Connected Video business.
(2) 90-day active subscribers.
(3) DTT services available in eight Rest of Africa markets, with no current plans to expand country presence.

Connected Video

DStv via Streaming(1) launched in 2014
and Showmax launched in 2015(2)

The Connected Video segment houses our two OTT service. DStv via Streaming is our linear OTT service to complement our DTH business and Showmax is our streaming OTT service. Showmax offers a standalone subscription video on demand (SVOD) service and we also bundle it as a free value-added service for our Premium subscribers and offer it at discounted pricing for our Compact Plus and Compact subscribers.


+12%
growth in monthly active users
(FY22: 28%)

+26%
growth in paying Showmax subscribers
(FY22: 68%)

+161%
growth in Showmax Pro subscribers
(FY22: 170%)

KingMakers

Established in 2018
 

A leading sports betting and digital entertainment platform focused on sub-Saharan Africa. Its core agency and online sports betting operations are currently in Nigeria, but the business is set to expand into more geographies (including South Africa) and product lines over time.


KingMakers is equity
accounted (not consolidated)
and we hold a 49.2% shareholding (3)

USD198m
revenues
(FY22: USD131m revenues)

USD28m
loss after tax
(FY22: USD19m loss after tax)

Moment

Established in 2022
 

Moment is a fin-tech company, established as a joint venture between MultiChoice Group, Rapyd and venture capital investors like General Catalyst, Entrée Capital and Raba to help businesses and individuals across sub-Saharan Africa connect to each other and the world.


Moment is equity
accounted (not consolidated)
and we hold a 26% stake.
 

Leveraging MultiChoice Group's
200+ payment partner integrations
across 40+ markets(4)
 

USD3.5bn+
payments processed(4)
 

(1) DStv via Streaming historically called DStv Now.
(2) Partnership with Comcast, NBCUniversal and Sky announced in March 2023 but formally established and effective in April 2023 which falls into FY24. Our DStv via Streaming service will be managed by the MultiChoice South Africa business going forward, while the Showmax partnership with Comcast, NBCUniversal and Sky will be operated on a standalone basis.
(3) The group owns 49.23% in KingMakers. However, the group considers the economic ownership to be 51.23% for IFRS accounting purposes due to the sale of shares to the KingMakers share scheme.
(4) Moment will only formally launch in FY24 and process payments and transactions from then onwards; figures shown are for the MultiChoice Group payments backend which will support Moment from launch.