DStv owner MultiChoice reported on Wednesday its loss widened to about R1 billion, and it lost subscribers. But, it's still gearing up for its battle for Africa's eyeballs, including through the launched of a revamped Showmax.
The group reported its headline loss widened to R1.2 billion in the six months to end September from R248 million, with revenue falling 1% to R28.3 billion.
Its loss after tax was R911 million, while core headline earnings - its preferred measure that excludes non-recurring and non-operational items - fell 5% to R1.9 billion. The group had to contend with a depreciation of African currencies against the dollar, load shedding, as well as a R500 million spend on Showmax.