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.
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