PETALING JAYA: Astro Malaysia Holdings Bhd
will continue to lobby for more regulatory reforms and enforcement activity to safeguard the creative industry.
In a filing with Bursa Malaysia, the content and entertainment company said its biggest threat is content piracy.
“Across Malaysia, courts have recently ruled in our favour with landmark decisions in the last 12 months, awarding Astro statutory damages and imposing tougher penalties on illegal streaming device sellers and errant food and beverage outlets who illegally stream our content,” it said.
The company added that given the challenging environment, it would continue to maintain a cautious outlook, monitor business conditions and ensure effective cost discipline.
For the first quarter ended April 30, 2025, Astro recorded a lower revenue of RM703.1mil, compared with the RM772.5mil recorded for the same quarter a year ago.
This also drove down its profit which registered at RM13.45mil compared with RM17mil in the same quarter last year.
According to Astro, the decrease in both revenue and profit was due to a reduction in subscription and advertising revenue.
The lower figures was also attributed to decreased earnings before interest, taxes, depreciation, and amortisation, which were offset by lower net financing costs, favourable unrealised foreign exchange arising from unhedged lease liabilities as well as reduced amortisation of intangible assets and tax expense.
