News Corp streaming revenues up US$188m as Foxtel subscribers grow 40%

Revenue from News Corp’s streaming video on demand (SVOD) services saw growth of US$188 million, or 10% growth for the financial year ending 30 June, 2021.

That was driven by a significant increase in Foxtel’s paid subscriber numbers, which increased 40% to 3.891 million, largely fuelled by growing numbers on Binge and Kayo.

1.885 million subscribers were residential or commercial broadcast Foxtel subscribers, while 2.006 million were subscribers to Kayo, Binge and Foxtel Now.