Dialog Television subscribers down 21,000 in 3Q 2024

COLOMBO — Dialog Axiata PLC announced, Thursday 7th November 2024, its consolidated financial results for the nine months ended 30th September 2024. 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 as the subscriber base being maintained at over 1.6Mn as of end Q3 2024. DTV revenue remained flat at Rs9.1Bn for nine months ended 30th September 2024, while on a QoQ basis revenue was up 2% to reach Rs3.0Bn for Q3 2024. DTV EBITDA was down 22% to reach Rs1.5Bn for the first nine months of 2024, due to escalation in transponder cost. Consequently, DTV PAT was recorded at a negative Rs706Mn for the nine months ended 30th September 2024 amid higher Depreciation and Net Finance Costs.

Dialog Television Subscribers (‘000):

           Q3'22  Q4'22  Q1'23  Q2'23  Q3'23  Q4'23  Q1'24  Q2'24  Q3'24
           -----  -----  -----  -----  -----  -----  -----  -----  -----
Pre-paid   1,199  1,186  1,171  1,179  1,171  1,172  1,137  1,150  1,147
Post-paid    536    540    533    499    488    500    488    470    452
Total      1,735  1,726  1,704  1,678  1,660  1,672  1,624  1,620  1,599

Total subs growth -1% QoQ; -4% YoY
Postpaid subs growth -4% QoQ; -7% YoY
Prepaid subs growth -0% QoQ; -2% YoY