Fairfax Media has outlined the first quarter revenue trends for the business ahead of the publisher's CEO, Greg Hywood, delivering a presentation at the Macquarie Australia Conference in Sydney.
At the conference Hywood will be discussing the updated FY15 half two revenue trends for the company for the period 1 January 2015 to 26 April 2015, with the slides being pre-uploaded to the ASX this morning.
As part of the presentation Hywood reveals the latest numbers for streaming joint-venture with Nine, Stan. Hywood outlined that Stan is on track to gain 200,000 subscribes with the service given the KPI of reaching between 300,000 and 400,000 subscribers by December.
Hywood also outlined the revenues of the company with publishing revenue falling 7%. Overall revenue for the business was buoyed however by Domain’s overall revenue growing 54% off the back of acquisitions of Metro Media Publishing Holdings from February 2015 and Allhomes from October 2014, with its total digital business up around 32% and domain.com.au up around 27%.
Hywood also revealed that Fairfax has shed 26% of staff in the last year, with employee numbers in the publisher life and events arm growing 210% and revenue for that business are up 79%.
See the full presentation for yourself below:
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