Latest news with #RM772.53
Malaysian Reserve
15 hours ago
- Business
- Malaysian Reserve
Astro's 1Q profit falls 21% on lower subscription and ad revenue
ASTRO Malaysia Holdings Bhd saw its net profit decline to RM13.48 million for the first quarter ended April 30, 2025 (1Q25), from RM17.01 million a year earlier, dragged by weaker television subscription and advertising income. Revenue for the quarter slipped to RM703.09 million, down 9% from RM772.53 million in the same period last year, the pay-TV operator said in a filing with Bursa Malaysia today. The group attributed the revenue decline to a 6% drop in television subscription revenue and a 13% fall in advertising revenue. Despite the softer top line, Astro said engagement on its platform remained robust, with customers spending 82% of their viewing time on local content, up three percentage points quarter-on-quarter. 'We produce 10,000 hours of new content annually to satisfy this demand, ranging from well-known signatures and dramas to thought-provoking Astro Originals, animation and movies,' it said. The group is also expanding efforts to monetise its intellectual properties (IPs) across multiple platforms — including cinemas, streaming, digital, licensing, advertising, and live experiences — to optimise content returns. However, Astro said content piracy remains its biggest threat and stressed it is continuing efforts to combat illegal streaming. It noted that courts across Malaysia had recently ruled in its favour in a number of piracy-related cases, awarding statutory damages and tougher penalties against illegal streaming device (ISD) sellers and F&B operators streaming its content without permission. 'We will continue to lobby for further regulatory reform and enforcement activity, not just to protect Astro, but to safeguard the future of the Malaysian creative industry,' it said. Astro added that it is maintaining a cautious outlook amid macroeconomic uncertainty, internal reforms and external headwinds, with a continued focus on cost discipline and operational resilience. — TMR
New Straits Times
16 hours ago
- Business
- New Straits Times
Astro's Q1 earnings slip to RM13.48mil, revenue at RM703.09mil
KUALA LUMPUR: Astro Malaysia Holdings Bhd's net profit fell to RM13.48 million for the first quarter ended April 30, 2025 (1Q25) from RM17.01 million in the same quarter a year ago. Its revenue declined to RM703.09 million from RM772.53 million, the pay-TV operator said in a filing to Bursa Malaysia. Astro attributed this to a six per cent drop in television subscription revenue and a 13 per cent fall in advertising revenue. As a result, its earnings per share for the quarter came in lower at 0.26 sen from 0.33 sen. Astro said customers now spend 82 per cent of their time on its platform watching local content, up three percentage points quarter-onquarter (QoQ). "We produce 10,000 hours of new content annually to satisfy this demand, ranging from well-known signatures and dramas to thought-provoking Astro Originals, animation and movies. "We are also refining the cross-platform monetisation of our content IPs - across cinemas, on our video and digital platforms, via licensing and advertising deals, and to drive on-ground experiences," it noted. However, Astro said content piracy remains its biggest threat, and the group continue to push hard in the fight against piracy. It added that across Malaysia, courts had recently ruled in its favour with landmark decisions in the last 128 months, awarding Astro statutory damages and imposing tougher penalties on illegal streaming device (ISD) sellers and errant F&B outlets who illegally stream its content. "We will continue to lobby for further regulatory reform and enforcement activity, not just to protect Astro, but to safeguard the future of the Malaysian creative industry. "Given the challenging environment, the group continues to maintain a cautious outlook, carefully monitoring business conditions and ensuring effective cost discipline as consumers and businesses digest the impact of internal reforms and external uncertainties," it said.
