Astro’s Q4FY23 revenue increased by 7% q-o-q to RM991mn however it was lower compared to 2022 when the broadcaster recorded RM1.03 billion, while PATAMI for q-o-q improved to RM55 million
For the full year, the Group recorded a full-year PATAMI of RM259 million which was significantly lower compared to 2022 of RM460.8 million. Given the non-cash impairment, no interim or final dividends will be paid this quarter. The dividend declared in respect of FY23 however amounts to 3.0 sen per share, equating to a 60% payout ratio.
Euan Smith, Group CEO of Astro said: “Our transformation plans have continued apace this year as we continue to put in place the structures and architecture that will define the Astro of the future. We are starting to see the benefits from the investments in content, product, connectivity, advertising, and customer service, moving the company aggressively
into the new streaming, on-demand era. In line with Astro’s OTT aggregation strategy, we added Viu and ZEE5 to our existing premium apps and further enriched the content lineup for customers, who now have access to over 110k shows on demand.
FY24 will see Astro continuing to invest in its transformation for long-term and sustainable growth, focusing on content, broadband, streaming, addressable advertising, customer experience, data and technology to better serve customers.
Macroeconomic headwinds including slowing global growth, comparatively higher interest rates, and moderate but elevated levels of inflation; are expected to continue impacting households and businesses. The Group maintains a cautious outlook and will monitor business conditions, whilst prudently managing costs
