MultiChoice Group said strong subscriber growth and profit elsewhere in Africa offset poor market conditions in South Africa.
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The Wall Street Journal reported that Comcast NBCUniversal executive Linda Yaccarino was in talks for the job.
NBCUniversal is acquiring a 30% stake in Showmax as part of a plan to build the leading streaming platform in Africa.
The Universal+ streaming service, which is being made available as a free, value-added offering to DStv subscribers, will be launched in mid-October.
Media giants are realising what Netflix already knows: streaming is expensive.
Comcast has jumped into the fray for Sky, challenging Rupert Murdoch’s 21 Century Fox and Walt Disney Co with a cash offer valuing the business at £22.1bn and opening the possibility of a bidding contest