The company blamed the poor financial performance on severe pressure in the macro-economic, foreign exchange rate, and consumer environment in key markets.
reported that it will suffer another blow as its interim loss for the 2025 financial year will be larger than last year's.
The company acknowledged that it is facing “the most challenging operating environment in the group’s history”. The report showed that the pay channel’s subscribers had declined to 7.6 million in the year ended 2023/24, compared to 8 million in the previous financial year.
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