Foxtel records increase in revenue and subs in Q1 FY22

November 5, 2021 11:42

News Corp and Telstra-owned Foxtel Group has reported and increase in revenues for the first quarter of FY 2022, up to US$510 million (A$688.4 million), which represents a 3% increase on the previous corresponding period.

Total closing paid subscribers across Foxtel reached 3.85 million at quarter end, up 17% year- over-year, with total subscribers, including trialists, equating to approximately 4 million.

Speaking to investors following the release of the News Corporation Q1 results, chief executive Robert Thomson said: “In Subscription Video Services, the first quarter built on the significant progress made in FY21 in reshaping the Foxtel Group as a streaming-led business, with improved revenues, profitability and cash generation. For the second consecutive quarter, growth in Kayo and Binge revenues clearly offset the not-unexpected modest decline in retail broadcast revenues.

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Olivia Kruimel

Olivia Kruimel was the managing editor at Mumbrella. She has more than 15 years of experience in journalism, communications and marketing. Her journalism career began at Fairfax Media (now part of Nine) and includes various B2B publications such as B&T, Travel Today and ALB. As a marketer Olivia has worked for Standard Chartered and various global law firms.