Astro Records Q-o-Q Improvement
Date Released:15 Sep 2020
Share
Tweet
PATAMI 81% q-o-q to RM134mn | Go Shop revenue 52% q-o-q to RM145mn
Astro Malaysia Holdings Berhad | Result highlights for the second quarter of the financial year ended 31 January 2021 [All comparisons refer to the first quarter of FY21 (Q1FY21): quarter-on-quarter (q-o-q) comparison, except as noted]:
Revenue 4% q-o-q to RM1.09bn
EBITDA 13% q-o-q to RM372mn
PATAMI 81% q-o-q to RM134mn; Normalised PATAMI* 13% q-o-q to RM121mn
Higher dividend of 1.5 sen per share (Q1FY21: 1 sen per share)
Pay-TV ARPU moderated to RM98 primarily due to one-off Sports Pack rebate
Go Shop posted record quarterly revenue: 52% q-o-q to RM145mn
Tun Zaki Azmi, Chairman of Astro, said: With the gradual restarting of economic activities, we saw encouraging signs of recovery in the second quarter. Astro's balance sheet remained strong as it continued to be cash generative, cost disciplined and proactive in its capital management. Despite this, we remain prudent in view of the uncertainties arising from the pandemic. Nevertheless, the Board has declared a higher dividend of 1.5 sen in Q2FY21 (Q1FY21: 1 sen per share).
Henry Tan, Group Chief Executive Officer of Astro said: Playing our role as a responsible corporate citizen, we acted quickly amid the challenging operating environment to serve our customers and nation as well as to ensure the well-being of our employees. We delayed several initiatives including upselling, installations and production of live reality shows. Go Shop pivoted to offer fresh and frozen food and saw record performance. The Q2FY21 results included the full effect of the one-off Sports Pack rebate given to our loyal Sports customers. We believed this was the right thing to do - providing access to other content and compensating for the absence of live sports.
Operations are now close to full capacity. Installations have resumed and we see the Astro Ultra Box continuing its growth trajectory, with over 100k boxes installed, up 60% over 3 months. Customers payment trend is also encouraging, and local productions, global live sports and on-ground events are resuming.
Key Highlights:
Record Performance for Go Shop: Go Shop sustained its strong performance and generated profits. Its registered customers rose 31% y-o-y to 2.6mn. Digital now accounts for 50% of its total sales.
Leading Share in TV Households: With a total customer base of 5.7mn, or 75% of TV households, Astro continues to entertain Malaysians with its signature vernacular and premium content. Our local and vernacular content continues to drive viewership and ad revenue. Customers can look forward to The Masked Singer, the highly anticipated Malaysian version of Korean singing sensation on 18 September.
Headroom for Growth in Sports: As the exclusive broadcaster for the Premier League, Astro provides the most comprehensive coverage with all 380 matches, live and in HD. With the new Ultra Box bundled with Broadband, football fans can enjoy the best viewing experience in 4K UHD and On Demand. With Astro GO, they will never miss a sporting moment!
Home Cinema on Astro First: Our home cinema proposition saw great interest with a 40% y-o-y jump in Pay-Per-View buys in the first half of the year. The positive trend is expected to continue. The latest movie, Jebat, achieved over RM2mn buys in just 11 days.
Strong Digital Engagement: Astro's TV viewership share is strong at 71% with our customers watching over 4 hours of Astro daily across TV, On Demand and Astro GO. With access to over 50k On Demand titles, customers have streamed 77mn On Demand videos in the first half of the year. This is more than double over last year. Average weekly time spent increased by 21% y-o-y to 561 minutes. Astro GO's monthly active users rose 66% y-o-y to 1.4mn while SYOK grew its monthly unique visitors by 9% q-o-q to 345k.
Challenging Adex Environment: With advertisers holding back spending and a pause in the production of Astro's live reality signature content during the MCO, Adex in Q2FY21 declined by 11% q-o-q to RM80mn. Radex, TV Adex and Digital Adex share stood at 81%, 38% and 2% respectively. Adex started to improve from June with the resumption of signature shows, live productions and on-ground events.
Outlook Astro remains cautious in the second half of FY21 due to prevailing uncertainties amid the pandemic, structural changes in the media industry and the ongoing acts of piracy. We are mindful of the potential impact on consumers' disposable income and sentiments when the loan moratorium ends. We will continue to support our commercial customers, who are still affected by the ongoing RMCO.
The Group's agility in adapting to the new normal has allowed us to deepen our engagement with customers, strengthen our value proposition and seize opportunities for adjacencies in commerce, broadband, digital and OTT. We are committed to be the Entertainment Destination for Malaysians and will drive digital, aggregate more streaming OTT services, push broadband bundles, produce more winning and compelling content whilst simplifying our products, packages and processes. Tan said.
* Normalised PATAMI excludes post-tax impact of unrealised forex gain/(loss) due to mark-to-market revaluation of transponder-related lease liabilities.
Most recent headlines
04/08/2024
Dalet, a leading technology and service provider for media-rich organizations, is excited to announce Santiago Solanas as its new Chief Executive Officer (CEO)....
03/06/2024
Dalet, a leading technology and service provider for media-rich organizations, a...
28/04/2024
Mediahaus delivers the first SRT live-streaming sports production over 5G with U...
26/04/2024
Sundance Film Festival CDMX 2024 kicks-off today with screenings in 5 theaters in Mexico City and the opening-night film, FRIDA, directed by Carla Guti rrez...
26/04/2024
[Editor's Note: This interview is part of a larger feature about the women d...
26/04/2024
Once again this year, SGL Carbon opened its doors to interested children and young people. On the occasion of the German Girls and Boys Day, which took place on...
26/04/2024
Orders1 of $5.5 billion; book-to-bill of 1.06x
Revenue of $5.2 billion, up 17%,...
26/04/2024
Five Considerations For Communications Modernization In The 21st Century
In the digital-enabled battlespace, the Joint Force needs to shoot, move and communica...
26/04/2024
CBS Sports has launched Champions League as a new, 24-hour streaming channel that will serve as the year-round destination for nonstop highlights of the UEFA ...
26/04/2024
Despite tough competition in the streaming space, Roku reported solid results in Q1 2024, beating revenue expectations, with total net revenue up 19% YoY to $88...
26/04/2024
LONDON AND TORONTO Pinewood Toronto Studios has appointed Sarah Farrell as general manager of the Studios in downtown Toronto....
26/04/2024
Quantum to Offer Advanced Filesharing Technology and Performance in StorNext and...
26/04/2024
FilmLight Colour Awards welcomes 2024 entries and introduces new Emerging Talen...
26/04/2024
Picture Shop Announces Chris Evans as Head of Unscripted
Brie Clayton April 26, 2024
0 Comments
Picture Shop announced Chris Evans will lead Unscripte...
26/04/2024
Participate in a Survey - The Impact of AI on Media and the Creative Industry
Pascal Wagner April 26, 2024
0 Comments
By participating in this survey,...
26/04/2024
Toy maker Mattel said it is working with Samsung to launch its first free ad-supported streaming television (FAST) channels later this year....
26/04/2024
Trusted Media Brands (TMB) said it named Marty Moe as president....
26/04/2024
Ron Howard is the director on Jim Henson Idea Man, a documentary that premieres on Disney Plus May 31. Henson of course created Kermit the Frog, Miss Piggy, Big...
26/04/2024
The ice continues to melt under the regional sports network business as the Seattle Kraken of the National Hockey League have made a long-term deal to broadcast...
26/04/2024
Heading into the upfronts, Warner Bros. Discovery said it launched Olli, a first-party data platform advertiser can use for converged, targeted advertising camp...
26/04/2024
CBS has renewed the drama The Equalizer, which will see season five on in 2024-2025. Queen Latifah stars....
26/04/2024
The CW has entered into an exclusive multiyear broadcast partnership for the Miss USA Pageant and the Miss Teen USA Pageant. The 73rd Miss USA Pageant will air ...
26/04/2024
Fuse Media isn't mincing words in a campaign urging its young viewers to register and participate in the 2024 elections....
26/04/2024
Dead Boy Detectives, a series from Neil Gaiman about a detective agency staffed by ghosts, debuts on Netflix April 25. George Rexstrew and Jayden Revri are in t...
26/04/2024
The Story Collective has gradually repurposed the former Mortlake Brewery to include production offices, workshops and sound stages
By Matthew Corrigan
Publi...
26/04/2024
Perkett joins the company following a 25 year career in product management, product marketing, engineering and user experience (UX) across multiple industries
...
26/04/2024
Teradek, the industry leader in wireless video transmitters and receivers, announced today the launch of new Bolt 6 LT 750 and Bolt 6 Monitor Module 750 RX with...
26/04/2024
NEW YORK Amagi has appointed Richard Perkett chief product officer (CPO)....
26/04/2024
WASHINGTON, D.C. The National Association of Broadcasters (NAB) has announced the results of the 2024 NAB Radio and Television Board of Directors elections. The...
26/04/2024
EL SEGUNDO, Calif. & NEW YORK Mattel has announced a deal to launch its first three 24/7 free ad supported streaming (FAST) channels on Samsung TV Plus, Samsung...
26/04/2024
PORTLAND, Maine Viewers here can now receive the NextGen TV signals of five local stations with the launch of ATSC 3.0 service from host station WPFO, which is ...
26/04/2024
TORONTO Rogers Communications has signed a 10-year agreement with Comcast to bring the latest Xfinity products and technology to Canadians....
26/04/2024
Calrec is very pleased to announce the benefits of its highly flexible approach to customer service has been recognized with a third award for the Argo range. T...
26/04/2024
New Adobe Photoshop with Advanced Generative Fill and Generate Image Brings New ...
26/04/2024
Trends And Takeaways From NAB Show 2024
Melanie Ciotti April 25, 2024
0 Comments
NAB's Eric Trabb (right) awards SNS with two NAB Show Product of ...
26/04/2024
Sony's Ci Media Cloud Keeps NHRA Moving
Brie Clayton April 25, 2024
0 Comments
Cloud-Based Media Asset Management and Collaboration Platform Accel...
26/04/2024
Capitol Broadcasting & Leadership Triangle Collaborate for Third Year
Capitol B...
26/04/2024
The staff at CBC Radio have been hard at work creating several new features for listeners and viewers. Several debuts are taking place this spring.
I have nev...
26/04/2024
26 Apr 2024
Cricket Finds Its Digital Home in Bangladesh: VEON's Banglalink...
26/04/2024
NBA Playoffs 2024: ESPN Rolls Out Huge Production Operation for Busy First Round Tech deployments include miked on-field personnel, shot-distance tracking, AR g...
26/04/2024
NHL Stanley Cup Playoffs: ESPN Ops Team Navigates Both Sides of the Border With ...
26/04/2024
Behind the Scenes at the 2024 NFL Draft in Detroit (Photo Gallery) After just the first round, the 2024 NFL Draft has already made quite an impression in Detroi...
26/04/2024
NFL Draft 2024: Van Wagner Powers Onsite Entertainment Experience for Record Cro...
26/04/2024
Rohde & Schwarz presents spectrum dominance in all domains at AOC Europe Rohde & Schwarz demonstrates the next generation of SIGINT/EW systems and sensor fusi...
26/04/2024
MCine Mauritius is to use Qube Wire for all future DCP deliveries across their e...
26/04/2024
Skeem Saam' May Spoiler: Has Lehasa killed Khwezi?The Skeem Saam' May teasers mention Lehasa being apologetic about killing someone. Is it his baby mam...
26/04/2024
Skeem Saam: Thursday's episode, 25 April 2024 [video]Missed an episode of Skeem Saam? No problem! Watch the latest episode of your favourite South African s...
26/04/2024
Prison Journalism: Some issues to considerWesley Leong was incarcerated at the age of 15 in 1996 at Pollsmoor Prison. He is currently part of Restore's rese...
26/04/2024
Tonight on Scandal: A line is crossed and a mother starts to lose focusDon't miss Friday, 26 April's riveting episode of South African soapie Scandal! o...
Astro Records Q-o-Q Improvement 
