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20250218_MSIN_Laporan Informasi dan Fakta Material_31863238_lamp2.pdf
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PT MNC Digital Entertainment Tbk (IDX: “MSIN” or “the Company”), a subsidiary of PT Media Nusantara Citra Tbk
(IDX: “MNCN”), reported its unaudited financial report for 2024. MSIN revenue for 2024 was Rp3,470 billion,
representing 18% YoY growth while EBITDA grew to Rp760 billion, up by 22% YoY.
The Company’s strong performance was partly attributable to MSIN’s Content and IP production increased
output, in the form of drama, infotainment, reality and animation content. Apart from that, other lines of
business, such as talent, social media, portals, and others remains a strategic part of the business and improved
positively in 2024.
At the present time, MSIN is excited to announce its combined OTT performance for FY-2024, which now
represents a major part of the group. RCTI+ (AVOD superapp) and Vision+ (SVOD superapp) has reached over 100
million monthly active users and 2.85 million paid subscribers in FY-2024. This remarkable growth in both free
and paid user bases is a direct result of the Company’s content strategy, offering a diverse range of top-tier in-
house productions and popular sports programming throughout the year.
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MSIN's superapps generated Rp1,480 billion in revenue for FY-2024, reflecting an 11% YoY increase, while
EBITDA reached Rp329 billion, marking a 6% growth YoY. To put how well the superapps has done into
perspective, in terms of revenue and EBITDA, it has both contributed 43% to MSIN’s financial attainment.
This performance was driven by its extensive in-house content library, offering more than 27,000 hours of VOD
content across both platforms, along with original productions and premium sports programming, which played a
key role in these impressive results. Moreover, Vision+ total transaction in 2024 has also increased dramatically
to 5.4 million from 1.1 million in 2023.
Original production is one of the main catalysts that is driving new users into the platform. Vision+ has produced
over 10 new titles in 2024, such as Inul & Adam, Dendam, Pay Later, Second Account, and Sekuriti. Next in line,
Culture Shock is due to be release in 21 February 2025 and Sugar daddy in May 2025.
In 2024, Vision+ showcased a range of exceptional sports programs, including exclusive rights to AFC and AFF
competitions, Indonesia's FIFA World Cup 2026 qualifiers, FIFA World Cup Qualifiers, EURO 2024, and other
major non-soccer sporting events. Looking ahead to 2025, the platform plans to continue broadcasting high-
profile sports content to attract more paid subscribers.
MSIN anticipates further advancements in 2025, not only through the growth of its paid subscriber base but also
by implementing a strategic expansion plan for its AVOD superapp. This includes developing its own advertising
inventory across MNCN’s four FTA TV streams, adding over 2,300 new ad slots daily. Previously, advertisements
on these FTA TV streams were simply mirrored from those sold by and on the FTA Group.
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Comment from Valencia Tanoesoedibjo, Director of MSIN
“ We are very pleased with MSIN’s performance and particularly content with the strong position of
our OTT platforms, especially as the OTT industry continues to experience significant growth in
Indonesia. MSIN stands to gain the most from this momentum, benefiting from a steady supply of
high-quality content from within the group. As we look ahead to 2025, we are excited about the
opportunities to reach new heights and drive further advancements. We are optimistic that our
latest initiatives will yield great results and contribute to our continued success.
For further information, please contact:
”
Investor Relations: PT MNC DIGITAL ENTERTAINMENT TBK
Luthan Fadel Putra MNC Tower, 29th floor
luthan.putra@mncgroup.com Jl. Kebon Sirih Kav 17 - 19
Jakarta 10340
Phone: 62-21 3913338
Fax : 62-21 3910454
Disclaimer
By accepting this Press Release, you are agreeing to be bound by the restrictions set out below. Any failure to comply with
these restrictions may constitute a violation of applicable securities laws. The information and opinions contained in this
Press Release have not been independently verified, and no representation or warranty, expressed or implied, is made as
to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of, the information or opinions
contained herein. It is not the intention to provide, and you may not rely on this Press Release as providing, a complete or
comprehensive analysis of the condition (financial or other), earnings, business affairs, business prospects, properties or
results of operations of the company or its subsidiaries. The information and opinions contained in this Press Release are
provided as at the date of this presentation and are subject to change without notice. Neither the company (including any
of its affiliates, advisors and representatives) nor the underwriters (including any of their respective affiliates, advisors or
representatives) shall have any responsibility or liability whatsoever (in negligence or otherwise) for the accuracy or
completeness of, or any errors or omissions in, any information or opinions contained herein nor for any loss howsoever
arising from any use of this presentation. In addition, the information contained in this Press Release contains projections
and forward-looking statements that reflect the company’s current views with respect to future events and financial
performance. These views are based on a number of estimates and current assumptions which are subject to business,
economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in
many cases are outside the control of the company and its directors. No assurance can be given that future events will
occur, that projections will be achieved, or that the company’s assumptions are correct. Actual results may differ materially
from those forecasts and projected. This Press Release is not and does not constitute or form part of any offer, invitation or
recommendation to purchase or subscribe for any securities and no part of it shall form the basis of or be relied upon in
connection with any contract, commitment or investment decision in relation thereto. Any investment in any securities
issued by the company or its affiliates should be made solely on the basis of the final offer document issued in respect of
such securities.
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