Astro Reports Second Quarter FY27 Results
The Group continues to reshape its business as media consumption evolves, strengthening its content proposition, broadening access through streaming and driving greater operating efficiency.
Astro Malaysia Holdings Berhad (“Astro” or the “Group”), Malaysia's leading content and entertainment company, announced its financial results for the second quarter ended 31 July 2026 ("Q2FY27").
For Q2FY27, the Group recorded revenue of RM634 million, which moderated 4% quarter-on-quarter due to softer contributions from subscription and advertising revenue. EBITDA stood at RM130 million with margins maintained at 20%, supported by disciplined cost management and operational efficiencies. While the Group continues to reduce its cost base, the softer market conditions continued to weigh on profitability with the Group recording a LATAMI of RM26 million primarily due to unrealised forex losses on unhedged transponder lease liabilities stemming from a weaker Ringgit. Importantly, Astro remained cash-generative, delivering free cash flow of RM113 million.
Against these industry headwinds, Astro remains focused on broadening its customer base, strengthening the value and reach of its content, and driving greater efficiency. During the quarter, the Group launched Astro X3, a more accessible boxless streaming proposition with a lower entry price point designed to reach wider segment of consumers. Sooka’s VIP paying customer base grew 52% year-on-year, supported by sports and local content, while monthly active users surpassed one million. The Group also introduced its fandom-led strategy to deepen audience engagement, grow its share of advertising spend and unlock new monetisation opportunities across its content ecosystem.
Local content remains central to Astro’s differentiation, with Malaysian stories continuing to command strong engagement across platforms. The Group is extending the value and reach of its IP through strategic distribution partnerships with leading global streaming services. This has delivered encouraging results, with titles including Tarung: Unforgiven, Good Boys Go to Heaven and Kudrat 1968: High Council all gaining No. 1 spot on Netflix.
Astro’s movies continue to perform strongly at the local box office, capturing 52% of GBO market share and securing the top three spots. This reflects the strength of its homegrown IPs and its ability to tell local stories that resonates, with the latest release – Terbang, continuing that momentum. Astro also strengthened its collaboration with RTM ahead of the Glasgow 2026 Commonwealth Games, reinforcing its commitment to delivering premium sports content to Malaysians.
"As the media industry continues to evolve rapidly, we are moving decisively to shape Astro’s next chapter. We are building a stronger, future-ready Astro by growing audiences, deepening engagement and unlocking new revenue opportunities. This journey is underway and our direction is clear: reach more Malaysians, create greater value from our content and customer engagement, and build new revenue opportunities across streaming, advertising and adjacent businesses. Backed by compelling local content, trusted customer relationships and a deep understanding of Malaysian audiences, we are well positioned to create long-term value and shape the future of Malaysian media," said Henry Tan, Interim Group Chief Executive Officer, a seasoned leader in Malaysia’s media industry and a strong advocate for local content.
Looking ahead, Astro will continue to focus on growing its customer base across Pay-TV, Sooka and NJOI, expanding monetisation opportunities across its ecosystem, and structurally lowering its cost base to remain affordable and competitive in an evolving media landscape.