Astro Malaysia Holdings Berhad released its financial year ending 2027 (1QFY27) financials, recording revenue of RM660 million down from RM702 million achieved in the same quarter in FY26. This reflects a softer contributions from subscription, advertising, film and production services in line with seasonal trends.
Advertising expenditure (Adex) stood at RM68 million, with radio advertising remaining resilient despite softer market conditions and continued migration of advertising spending towards digital platforms.
Average revenue per user (ARPU) was recorded at RM93.90, as Astro continued efforts to enhance affordability and strengthen customer acquisition and retention through improved value propositions.
Earnings before interest, taxation, depreciation and amortisation (EBITDA) stood at RM133 million, with margins improving to 20%. The improvement was supported by lower impairment of receivables and continued cost discipline across marketing, distribution, broadband and content operations, partially offset by higher SRC-related costs.
However, profit after tax and minority interest (PATAMI) stood at RM1.5 million for the quarter. Dropping 85% from RM13 million.
The group generated free cash flow of RM100 million, demonstrating continued cash generation capability despite a softer operating environment. Astro’s cash and bank balances stood at RM491 million, with net debt-to-EBITDA at 3.0 times.
Operating expenses declined 8% quarter-on-quarter as the group continued optimising costs while selectively investing in future growth initiatives.
Astro Group Chief Financial Officer Dr Grace Lee said the operating environment remained challenging as consumers continued to face cost pressures and became increasingly selective in their spending decisions.
“Despite these headwinds, Astro’s resilient performance during the quarter reflects the enduring appeal of quality local content, the strength of our integrated entertainment ecosystem, and the disciplined execution of our long-term strategy,” she said.
Astro said it will continue focusing on strengthening its content ecosystem, growing digital engagement and maintaining operational discipline to support long-term growth.
