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Tik tok tik tok...Astro's 2QFY27 subscription revenue fell 8% YoY to RM523.4m. YTD subscription revenue is down 8% too. That's the core business getting smaller. Streaming may be the future, but the old subscription cash machine is clearly losing water. 😂
2QFY27 net loss was RM28.8m, versus RM15.9m profit previously. YTD loss is already RM28.5m. Revenue is still more than RM600m per quarter, so the issue isn't lack of sales alone ... it's how much profit Astro can actually keep.
Advertising is also weakening..Q2 advertising revenue fell 21% YoY to RM53.5m. So both major traditional revenue streams ..subscriptions and advertising .. are under pressure.
