Revenue at Nine's streaming platform Stan lifted 29% to $311.8 million in the year to June.
Active subscribers grew to 2.4 million
Nine, in releasing its full year results: "Active subscribers and ARPU (average revenue per unit) have continued to grow at Stan, driven by new entertainment releases, as well as Stan Sport, resulting in a current revenue run rate of more than $340 million.
"Following its successful launch in February, Stan Sport’s early metrics have been consistently ahead of expectations. Nine believes there is significant long-term growth potential for SVOD broadly, and Stan specifically."
Costs for Stan Sport in the 2022 financial year are now expected to be at the lower end of the $70 million to $90 million range previously forecast.
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.