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I reckon Foxtel will be getting hammered.Most of the shows are still crap repeats and with no live sports on its not worth the money.That's held up ridiculously well, assuming most people aren't on 12 month contracts. I wonder how Foxtel subscriptions are going...
That's a fair recover by Foxtel and fast growth by Kayo (and Binge) since the start of 2020 when I quoted a couple of Fin Review articles on the previous page of the trouble Foxtel was in, and having to borrow hundreds of millions of dollars from its two shareholders.
I guess covid stay home lockdown in Oz's 2 biggest cities/states has been good for business.
Kayo paid subscriptions rose 138,000 (13%) during the quarter to 1.151m but the bigger increase was on Binge which had a 30% subscriber increase for the quarter up to 1.284m
Importantly for Foxtel, Broadcast ARPU rose 2% to $82.
Commentary on the numbers relevant to sport:
Foxtel streaming subscribers up 62%, advertising rises - AdNews
BINGE and Kayo both at 1.2 million.www.adnews.com.au
EBITDA (earnings before interest, taxes, depreciation, and amortisation) fell 13% or $12 million, primarily driven by higher entertainment and sports programming rights costs, higher investment spending on streaming products and the $5 million, or 5%, negative impact from foreign currency fluctuations.
CFO Susan Panuccio: “Kayo benefited from the return of the winter sports codes and saw record early ratings, with total subscribers over 1.2 million. 138,000 paid subscribers were added in the quarter, a notable acceleration from the second quarter, taking paid subscribers to over 1.1 million.
“Foxtel ended the quarter with over 1.5 million residential broadcast subscribers, down approximately 11%, with the rate of decline stable versus the second quarter. Commercial subscribers ended the quarter at 240,000 an improvement both sequentially and year‐over‐year.
"Retaining high value customers remains the focus for Broadcast subscribers which has led to churn improvements, with churn reducing almost 6 percentage points year‐over‐year in the quarter to 14.3%, which reflects eight consecutive months of year‐over‐year churn reduction. Broadcast ARPU * steadily rose by 2% to A$82.'
“Segment EBITDA in the quarter of US$79 million was down 13% versus the prior year, driven by higher programming costs, partly due to increased availability of entertainment content, as well as modestly higher marketing investment in streaming."
*Average revenue per user (ARPU), sometimes known as average revenue per unit, is a measure used primarily by consumer communications, digital media, and networking companies, defined as the total revenue divided by the number of subscribers.
Broadcast ARPU hsnt changed this quarter its exactly the same as it was in December.
Kayo paid subscriptions rose 138,000 (13%) during the quarter to 1.151m but the bigger increase was on Binge which had a 30% subscriber increase for the quarter up to 1.284m
Importantly for Foxtel, Broadcast ARPU rose 2% to $82.
Adnews quoted the CFO ?
The_Wookie does Binge only have just movies and TV shows or is it a bit broader eg docos, current affairs, bit of sport??
Is Foxtel Now and Foxtel Go the same, and Now has effectively taken over Go?? Or is Foxtel Now basically a Foxtel app and you only need an internet connection and no cables, set top box or satellite dish for the same programs for each subscription level?
Have News Corp ever revealed how many people have both Kayo and Binge? Or Foxtel and one of their streaming service?
So you buy Foxtel for viewing at home (with the family) and get Foxtel Go for free if you want to watch on the go or away from home,
- Binge is just shows and movies and docos. Flash is their streaming news service. Kayo does sport.
- Foxtel Go is essentially a streamable version of the STB service that I dont believe costs any extra for those users.
- Foxtel Now is a specific streaming service that started life a couple of years as Foxtel Play, initially charged extra for sport, but includes other streamed shows and movies.
So you buy Foxtel for viewing at home (with the family) and get Foxtel Go for free if you want to watch on the go or away from home,
or
you buy Foxtel Now if you want a service that doesn't involve a STB and a cable, wires or a satellite dish and you can watch it wherever you are.
Is that the basic difference before looking at any cost you have to pay?