Streaming platform eVOD reports 70% YoY growth
Ramatsui says the goal isn’t to compete directly, but to lead by offering premium, free local and international content tailored to South Africans—something global streamers can’t match.
reports
S4 Capital reports 11.4% organic shortfall in the first quarter
S4 Capital reported a 14.3% net revenue decline in the first quarter to 178 million GBP (about $235 million) with an organic net revenue shortfall 11.4%.
Online shopping surges 51% as South African consumers shift to digital, Absa reports
Amid economic uncertainty, the report highlights changing consumer habits, rising online shopping, and the resilience of South Africa’s township economy.
IPG reports organic revenue shortfall
Interpublic reported a 3.6% organic revenue drop in Q1, in line with expectations after major 2024 account losses. Total net revenue fell 8.5% to $2 billion.
Study: Women’s Sports Are a Big Win for Advertisers
As TV viewing spiked by 131% YoY, EDO reports that the impact of ads in women’s sports increased by 56%.
Telkom reports ‘record’ growth in mobile subscribers
Telkom’s mobile subscribers grew by 21.6% to a record 24 million, in the third quarter, including a 17.3% increase in mobile data subscribers.
Meta says ‘community notes’ will not affect paid ads
“Meta has told advertisers that Community Notes will apply to organic posts, not paid ads, but its official messages have not gone into detail about brands’ and influencers’ unpromoted posts,†the WSJ reports.
Omnicom reports 5.2% growth for 2024
The full-year growth surpassed the upper end of the firm’s 5% growth guidance for the year. In Q4 the media and advertising division was up 7.1%, precision marketing gained 9.1% and PR was up 10%, benefiting significantly from added business during the election cycle.