Astro remains in positive territory despite several headwinds - News Summed Up

Astro remains in positive territory despite several headwinds


PETALING JAYA: Astro Malaysia Holdings Bhd is expected to maintain a positive outlook despite several headwinds. However, it was still 17.2% lower year-on-year (y-o-y) and 10.3% quarter-on-quarter (q-o-q). The group’s 1Q23 revenue also saw a decline by 9.4% y-o-y and 6.7% q-o-q. In 2022, the group will bundle in Indian streaming service Zee5 and the British Broadcasting Corp’s Player to its pay-TV and streaming offerings. Additionally, streaming players, including mainstream global streaming services, who have yet to make a presence in the Malaysian market, have approached them for tie-ups.


Source: The Star June 23, 2022 15:29 UTC



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