Read time: 3 minutes

Naspers pay-TV services reach over 8 million African homes

By , Editor, ITWeb Africa
Africa , 23 Jun 2014

Naspers pay-TV services reach over 8 million African homes

Subscription numbers for Naspers pay-television businesses have grown by 1.3 million to reach over 8 million homes across 50 countries in Africa.

Naspers’ pay-TV services take the form of MultiChoice’s satellite offering DStv and digital terrestrial television (DTT) service GOtv. Other units included in Naspers’ pay-TV division are the likes of M-Net and SuperSport.

And according to the company’s year-end financial results for 31 March 2014, Naspers’ South African pay-TV subscriber home numbers grew from 4.451 million in 2013 to just over 5 million in 2014. Meanwhile, Naspers’ sub-Saharan African pay-TV subscriber home numbers grew from 2.228 million to 3.051 million.

As a result, revenues for the pay-TV business also increased during the period.

“Revenues grew by 20% to R36,3bn. Investments in DTT services resulted in trading profits creeping up at a slower 13% to R8,5bn. DTT coverage has been expanded and now covers eight countries and 92 cities,” says Naspers in a trading statement.

“We continue to invest in our online offering, expanding our services on mobile phones, tablets and computers, and launched an improved personal video recorder,” adds Naspers.

Overall, pay-TV makes up 35% of Naspers’ revenues for the financial year ending March 2014.

Internet; meanwhile, makes up 54% of revenues while print encompasses just 11%. Naspers has stakes in Chinese internet giant Tencent and the Mail.ru Group in Russia.

Consolidated revenue for the group grew 26% to R62,7 billlion thanks to a weak South African rand.

Regarding profits by business segment; though, television generates the most in this regard for Naspers with 54%. Internet generates 42% of Naspers’ profits, while print makes up just 4%.

Adjusted net income for Naspers increased by 1% to 8.6 billion.

Read more
Daily newsletter
Number of the day
Quote of the day
"Billions of people use TikTok every day to create, share, and connect, and we're always updating our policies and procedures to protect our platform and allow our community to discover and do what they love"