Showmax reports R2.6-billion in trading losses

service that was revamped and relaunched earlier this year, has reported trading losses of R2.6-billion for the year ended 31 March 2024.

MultiChoice said Showmax-related trading losses were better than it had expected at R2.6-billion, with the group’s “guided range” forecasting round R3-billion to R4-billion in losses. “During the 2024 financial year, in order to fund the working capital requirements of Showmax, Showmax Africa Holdings Limited received a pro rata US$36-million in equity funding from NBCUniversal. This funding is recognised in non-controlling interests in the summary consolidated statement of changes in equity,” said MultiChoice.

Source: Digital Coin News (digitalcoinnews.net)

Showmax Multichoice Meloy Horn

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