Saudi Telecom launches stc tv Home to anchor digital ecosystem

This launch represents a shift from pure connectivity to an integrated 'multi-play' strategy designed to reduce churn in a commoditized telecom market. By controlling the primary living room interface, stc can aggregate viewing data and promote its own digital services directly to consumers. This move challenges global streaming sticks by offering a localized, turnkey solution that simplifies billing for multilingual households. Watch for stc's next quarterly earnings to see if this hardware push accelerates fixed-wired broadband subscriber growth beyond its current trajectory.

The rollout of stc tv Home aligns with the broader 'DARE 2.0' strategy, which focuses on diversifying revenue through digital transformation and aligning with Saudi Vision 2030 goals. According to stc's 2024 annual report, the group's net profit surged 85.7% year-on-year to SAR 24.69 billion ($6.59 billion), a lift attributed largely to the growth of its digital subsidiaries and infrastructure investments. As of March 2025, per stc investor materials, the company reported 5.25 million 'authorized' stc tv subscribers and 5.9 million total fixed subscribers, indicating significant room for further conversion of its broadband base into the integrated TV ecosystem.

Market competition is intensifying as regional and global players vie for dominance in the MENA streaming sector, which Omdia projected would reach $1.5 billion by late 2025. Per Omdia reporting from May 2025, local platform Shahid leads the market with 4.4 million subscribers, followed by YouTube Premium and Netflix. In this environment, stc’s media arm, Intigral, has played a pivotal role in aggregating content to maintain a competitive edge. Recent partnerships, such as those with technology provider DIAGNAL in late 2023, have been focused on delivering modern features like 4K support and low-latency sports streaming to keep pace with global OTT standards.

Beyond entertainment, stc is embedding itself into the Saudi household through adjacent digital ventures. In early 2025, the group officially launched STC Bank as a licensed digital financial institution, per Arab News. This expanding ecosystem allows the operator to leverage its 62% ownership by the Public Investment Fund (PIF) to anchor various consumer needs — from financial services to gaming and high-speed connectivity — within a single branded environment. This hardware launch effectively centralizes these disparate digital touchpoints into a physical hub in the home.