Result highlights for the third quarter of the financial year ended 31 January 2021 [All comparisons refer to the second quarter of FY21 (Q2FY21): quarter-on-quarter (q-o-q) comparison, except as noted]:

• Revenue +2% q-o-q to RM1.11bn
• EBITDA +8% q-o-q to RM402mn
• PATAMI +23% q-o-q to RM165mn; Normalised PATAMI* +26% q-o-q to RM152mn
• Adex +59% q-o-q to RM127mn
• Go Shop posted quarterly revenue of RM111mn, up 19% year-on-year
• Pay-TV ARPU is stable q-o-q at RM97.60
• Declared dividend of 1.5 sen per share

Tun Zaki Azmi, Chairman of Astro, said: “Amidst the gradual reopening of the economy and relaxation of the MCO, we registered improvement in our performance for the third quarter. Astro’s balance sheet remained strong as it continued to be cash generative, cost-disciplined and proactive in its capital management. The Board has declared a third interim dividend of 1.5 sen in Q3FY21.”

Henry Tan, Group Chief Executive Officer of Astro said: “Astro achieved positive results over two consecutive quarters, underpinned by our ability to adapt to the challenges and changing landscape. In spite of the recent restriction of movements, Astro was well-prepared and thus, able to continue with productions and live shows with strict SOPs in place; as well as new installations and home visits, with minimal disruption to our business operation.

Key Highlights

Outlook

“The Group remains cautious of the potential impact of the recently reimposed CMCO (Conditional MCO), which may be extended. Amidst structural changes in the media industry and ongoing acts of piracy, further extensions of CMCO may impact advertising and commercial revenue.”

“The Group’s agility in adapting to the new normal has allowed us to deepen our engagement with our customers, strengthen our value proposition and seize opportunities for adjacencies in commerce, broadband, digital and OTT. The Group is committed to be the Entertainment Destination for Malaysians, by aggregating more streaming OTT services, pushing broadband bundles, producing more winning and compelling content and simplifying our products, packages and processes,” said Tan.

The Group will continue to cost optimise, re-prioritise capex and actively manage its capital to further strengthen its balance sheet.

*Normalised PATAMI excludes post-tax impact of unrealised forex gain/(loss) due to mark-to-market revaluation of transponder-related lease liabilities.