You stated 48% of Indonesians owned smartphones and 6% of them actually streamed content a couple of years ago.
Working with a population figure of 261M (Google) in 2016 that equates to approx 7.5M target smartphone customers for TV2U at the time.
With the updated figures that i provided and a population figure of 267M (Google) in 2018, that equates to approx 11.2M target smartphone customers for TV2U.
An additional 50% of active phone streamers in 2 years, i call that significant growth and not the slightest bit disappointing. Don't forget TV2U can be streamed to TV and computer also.
500k subs is a drop in the ocean. IMO
TV2 Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held