Nine's streaming media platform Stan just released half year results showing strong revenue and subscriber growth.
Revenue from the six months to December rose 79% to $116.6 million with active subscriber numbers hitting more than 1.8 million.
The result is despite growing competition from market leader Netflix and from new players including Disney+ and Amazon Prime.
"The combination of ongoing subscriber build and the $2 price rise from March 2019 underpinned the 79% increase in Stan’s revenue," Nine says in its results announcement.
Costs rose 18% to $102.6 million, reflecting investment in content and marketing.
EBITDA improved by $35 million to total of $14 million.
Average weekly viewing hours per subscriber increased by more than 25% over the summer weeks from December.
And more growth ahead.
CEO Hugh Marks: 'We have now clearly established Nine as the leading domestic player in the digital video market with both 9Now and Stan recording very strong growth in the period. Growth that we expect to continue into H2."
From today's first half results presentation:
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