Astro reported earnings results last week, revealing a decline in net profit for the fiscal year ending January 31, 2024 (FY2024), which fell from RM 259 million in the previous fiscal year to RM 36.88 million. Revenue decreased by 8.4% YoY, from RM 3.62 billion to RM 3.34 billion. The contraction in earnings was primarily attributed to ongoing trends of TV subscriber churn and lower advertising expenditure (adex).
Although Astr...