Foxtel Records 4.4 Million Paid Subscribers As Q4 Numbers Released

Foxtel Records 4.4 Million Paid Subscribers As Q4 Numbers Released
By



    As part of NewCorp’s announcement of Q4 and financial year results, it has been revealed that Foxtel recorded several wins including a 13 per cent rise in paid subscribers up to 4.4 million.

    The rise in subscribers has been contributed to growing interest in sports streaming service Kayo and recent addition BINGE. Kayo reached a total of 1.312 million subscribers, up 22 per cent, while BINGE rose a whopping 53 per cent to 1.263 million.

    Adjusted revenue for the year was up 1 per cent, despite the raw numbers showing a minor loss for the company (down 3 per cent against the 2021 Q4 revenue). News Corp CFO Susan Panuccio identified “foreign currency headwinds” as the main factor behind this fall.

    Adjusted segment revenue was up 3 per cent for the quarter, while adjusted full year segment EBITDA rose 4 per cent.

    Panuccio added: “Streaming revenues accounted for 23 per cent of circulation and subscription revenues (Q4), versus 16 per cent in the prior year and more than offset broadcast revenue declines this quarter. We believe this is a key inflection point for the business and has helped underpin the recent stability in Foxtel Group’s revenue.”

    Additional numbers on the Q4 data:

    • Foxtel Now reached 201,000 subscribers (195,000 paid), down 12 per cent
    • Flash, launched in October 2021, reached 29,000 subscribers (11,000 paid)
    • Foxtel residential and commercial broadcast subscribers were 1.723 million, down 9 per cent
    • Foxtel Residential subscribers declined to 1.481 million



    Please login with linkedin to comment

    Binge Foxtel Kayo Sports Newscorp

    Latest News

    Scroll Media Recruits Costa Panagos From Twitch
    • Advertising

    Scroll Media Recruits Costa Panagos From Twitch

    Digital publisher network Scroll Media has employed ex-Amazon Twitch gaming executive Costa Panagos (lead image) to strengthen its Scroll Gaming capability. Panagos is highly experienced in game advertising and media sales professional with two years in account management at Twitch and three years in media sales at News Corp, so will bring his extensive media agency […]

    Year13, Microsoft & KPMG Australia Launch AI Course For Gen Zs
    • Technology

    Year13, Microsoft & KPMG Australia Launch AI Course For Gen Zs

    School-leaver service Year13 has launched a new Artificial Intelligence course to upskill young people in AI, made in collaboration with Microsoft and KPMG, at an event to rally industry support behind youth AI fluency. The free online course AI Amplified which is part of Year13’s Academy aims to provide all young people with the opportunity […]

    General Motors Snares Heath Walker From Scania
    • Advertising

    General Motors Snares Heath Walker From Scania

    General Motors has announced the appointment of Heath Walker (lead image) as the new marketing director for GM Australia and New Zealand, effective April 23, 2024. Walker brings a wealth of marketing and communications experience gained from working across various industries, including IT, sporting, and auto – notably Tesla, Nissan and most recently, Scania in […]