Foxtel revenue jumps with BINGE and Kayo

By AdNews | 8 February 2024

Foxtel lifted revenue 2% to $US470 million in the December quarter, driven by higher revenue from Kayo and BINGE via  increases in both volume and pricing.

This was partially offset by the impact from fewer residential broadcast subscribers and a $6 million, or 1%, negative impact from foreign currency fluctuations.

Excluding the impact of a strong US dollar, adjusted revenue was $US476 million, up 3%.

Foxtel Group streaming represented about 29% of total circulation and subscription revenue in the quarter, up from 26%.

As of December, Foxtel’s total paid subscribers were more than 4.3 million, flat compared to the prior year.

Growth in streaming subscribers driven by Kayo and BINGE was offset by fewer residential broadcast subscribers.

Broadcast subscriber churn in the quarter was flat.

news corp foxtel dec q 2023

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