As of September 30, 2021, Foxtel’s total closing paid subscribers were around 3.9 million. Approximately 1.8 million of that number were residential and commercial broadcast subscribers, and the remaining 2.1 million consisted of Kayo (1.1 million total and paying), Binge (802,000 paying) and Foxtel Now (227,000) subscribers.
Broadcast subscriber churn in the quarter improved to 14 per cent from 14.6 per cent in the prior year and broadcast average revenue per user for the quarter increased 4 per cent to A$82 (US$60).
The Foxtel Group has been generating a lot of noise in the local market as it pursues a limited window of opportunity for a run at the ASX. Last month it launched its newest member of its streaming family, news aggregator Flash and signed a global agreement with Comcast-owned Sky to jump into the smart TV market.
“We are primed to capitalise on the patent success of the Foxtel streaming strategy, which was highlighted during the Foxtel Strategy Day, and are reviewing potential permutations to maximise shareholder value and growth,” Mr Thomson said.
Dow Jones, which owns The Wall Street Journal, increased its segment revenues by 15 per cent to $444 million. It was driven by growth in circulation and subscription revenues, a $20 million contribution from the acquisition of Investor’s Business Daily and higher advertising revenues.
In August News Corp spent $US1.15 billion on digital data provider Oil Price Information Service to boost the Dow Jones business.