Astro Malaysia Holdings Bhd fell to yet another all-time low today after it posted disappointing second quarter results.
The pay-television operator’s shares continued its downward spiral when it hit a new low of 13 sen after dropping 3.7% or half a sen, valuing the company at RM679 million. A total of 8.7 million shares were traded.
Net profit for the quarter ended July 31, 2025 (Q2 FY2026) fell 70% to RM16.39 million from RM54.71 million a year ago, weighed down by higher content costs and marketing expenses.
Quarterly revenue fell 13% year-on-year to RM683.21 million on lower sales of programming rights.
Astro’s fortunes have been waning in recent years after being buffeted by intense competition from over-the-top services such as Netflix and Disney+ Hotstar that pulled away its traditional subscribers.
Its subscriber base has also whittled…