Recovery in consumer sentiment remained uneven, due to inflationary pressure from heightened geopolitical events and global supply chain disruption. The Group’s Q2FY23 PATAMI rose 13% y-o-y to RM98mn, underpinned by cost discipline. The Group remained cash generative and proactive in its capital management. The Board has declared a second interim dividend of 1 sen per share.
In 1HFY23, Radex and Digital Adex rose 16% and 5% y-o-y respectively while total Adex stood at RM199mn. Astro Radio brands continued to rank No.1 across all languages, registering 18mn weekly radio listeners (FM and digital)
Henry Tan, Group Chief Executive Officer of Astro said: “Our recent exciting TV packages for the streaming world are attracting both new and existing customers. Meanwhile, our enterprise business saw more F&B outlets and hotel subscriptions, buoyed by the reopening of the economy.” “As part of our streaming aggregation strategy, we have added beIN SPORTS CONNECT, iQIYI, and TVBAnywhere+ apps on the Ultra Box; and Disney+ Hotstar app on the Ulti Box to give our customers greater convenience through a single platform. BBC Player and Zee5 apps will soon join our 7 existing streaming services, further strengthening Astro as the go-to entertainment destination for Malaysians.
The outgoing GCEO, added that Astro also introduced multi-user profile and thumbnail viewing as well as voice search on Astro GO allowing for better personalised content recommendations.” Over 670k homes are already on the Ultra and Ulti Boxes, which can run on both satellite and broadband. Astro GO has 524k monthly active users with an average weekly viewing time of over 3 hours. Demand for shows streamed grew 27% y-o-y to 297mn. In Q2FY23, Astro’s broadband base increased by 40% y-o-y as more customers bundled broadband with content for convenience and value.
