Foxtel revenue was up 3% to $US501 million in the September quarter, driven by Kayo and BINGE from increases in both volume and pricing.
News Corp's latest results show Foxtel streaming subscription revenues representing 34% of circulation and subscription revenues in the quarter, up from 30% in the prior year.
As of September 30, Foxtel’s total paid subscribers were more than 4.6 million, a 1% increase, driven by growth in Kayo and BINGE subscribers, partly offset by fewer residential broadcast subscribers.
Broadcast subscriber churn in the quarter was 11% compared to 11.4% in the prior year, while broadcast ARPU (average revenue per user) was up 4% to A$89.
News Corp said it is continuing to assess strategic and financial options for Foxtel, including its capital structure and assets.
"There is no assurance regarding the timing of any action or transaction, nor that the strategic review will result in a transaction or other strategic change<" News Corp said.
Have something to say on this? Share your views in the comments section below. Or if you have a news story or tip-off, drop us a line at adnews@yaffa.com.au
Sign up to the AdNews newsletter, like us on Facebook or follow us on Twitter for breaking stories and campaigns throughout the day.