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Telstra lifts net profits to $14.3bn but media revenue slips despite rise in TV income

telstraRevenue from Telstra’s media interests slipped 0.5 per cent in the 2014 financial year despite a five per cent rise in TV income.

The Telco’s media portfolio, which includes a 50 per cent stake in Foxtel, generated $982 million, a fall of $5m from last year. TV revenue hit $699m with growth in both its Premium Pay TV and Foxtel on T-Box ‘paylite’ services.

But Telstra said this was offset by a sharp 22 per cent decline in Sensis voice and advertising services. The company sold 70 per cent of its Sensis marketing business in February for $454m.

Overall, Telstra lifted its net profit after tax by 14.6 per cent to $4.3 billion in the 12 months ending in June. Total income climbed just over six per cent to $26.3bn while earnings before interest and tax increased 9.5 per cent to $11.1b.

Telstra claimed its “ongoing commitment to customer advocacy” and its investment in the network helped drive customer growth with 937,000 new domestic retail mobile customers and 183,000 fixed retail data services added during the year.

Despite improving customer advocacy, Telstra chief executive David Thodey said the company has “a lot of work to do to consistently deliver our customers a great service experience”.

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