📰 News9 March 2026·2 min read·
Showmax Lost $2.50 for Every $1 Earned Between 2023–2025
Source: techcabal
Showmax generated $204.29 million in revenue between 2023 and 2025 but recorded over $523.53 million in operating losses during the same period. The streaming platform lost $2.50 for every $1 of revenue earned, while also committing hundreds of millions more to rebuild its technology stack and content library. The figures highlight the steep cost of competing in Africa's streaming market.
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