ASIA

Radio revenues rise as Astro Malaysia’s net profit dips 95 percent

Astro Malaysia Holdings Bhd net profit plunged 94.5 per cent year-on-year (YoY) to RM5.8 million in its third quarter (Q3) ended Oct 31, 2022 (FY23) from RM105.92 million in the same period last year.In its filing with Bursa Malaysia, Astro said Q3 revenue fell 9.4% to RM926.2 million from RM1.02 billion a year earlier on a decrease in subscription revenue and merchandise sales, but offset by an increase in advertising revenue.The radio segment was one of few positives as Q3 revenue was higher by RM19.8 million or 60.9% compared with the corresponding quarter last year, benefiting from recovery momentum in the transition to the endemic phase.Favourable radio revenue growth contributed to a 164% rise in Ebitda, or by RM14.1 million, compared with the corresponding quarter last year.Astro group CEO Henry Tan said that going forward, the company would continuously invest in transformation for long-term and sustainable growth, focusing on content, broadband, streaming, customer experience, data, addressable advertising and technology to better serve customers. […]

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AU & NZ

Do you recognise these people? Take a closer look.

Perhaps, you don’t recognise them. But our 30 Under 30 judges certainly did.The people pictured are the first six recipients (in alphabetical order) of a Radio Today 30 Under 30 Award.We’ll publish the rest of the winners tomorrow morning, right here on Radio Today. 
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AU & NZ

Half a Million jobs have rolled off the production line at Abe’s Audio

Australian audio production and voiceover company Abe’s Audio is celebrating producing half a million jobs (and over 1.2 million voiceover scripts) this week.From humble beginnings in a bedroom studio almost 25 years ago, Abe’s Audio has grown to employ 22 staff (main pic) and serve hundreds of clients around Australia and internationally.Abe Udy, founder of… Read More
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