1.2 million pay TV subscribers at Dialog Axiata

COLOMBO — Dialog Axiata PLC has announced its consolidated financial results for the three months ended 31st March 2019. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”).

Dialog Television (“DTV”), continued to consolidate its leadership position in the Digital Pay Television space with a subscriber growth of 16% YoY to reach 1.2Mn as at end of March 2019. DTV Revenue grew 9% QoQ and 12% YoY amid growing subscription revenue. DTV EBITDA was recorded at Rs474Mn for Q1 2019 declining 15% YoY due to increase in channel and transponder costs. Accordingly, DTV’s reported Net Loss increased to Rs166Mn for Q1 2019 relative to a Net Loss of Rs126Mn for Q1 2018.