Foxtel has reported a 21% uplift in earnings for the six months to 31st December.
EBITDA rose to $238 million, up from $198 million in the prior corresponding period.
The direct subscriber base grew to 1,516,000, an increase of 5% year on year, while the total subscriber base reached 1,622,000.
The Pay TV king attributed its rise to an uptake of Foxtel iQ, high definition and multi-room services but noted that new free-to-air channels had slowed the rate of subscriber growth.
“I think all of the Freeview noise that is impacting the market at the moment will eventually dissipate,” CEO Kim Williams said from Vancouver on Thursday.
“As that dissipates, the merits of Foxtel and the quality of what Foxtel brings will come very much to the fore.”
Foxtel launched its “Next Generation” of channels and online offerings to subscribers last year.
Williams also dismissed reports of a slow take-up of the Winter Olympics package but would not reveal exact numbers, saying: “It’s a good six figures.”
Coverage of the games begins tomorrow.
And while the Pay TV sector criticises the government’s rebate of some $250m to Free to Air networks, Seven’s David Leckie has told the Australian Financial Review: “The commercial networks fund 75% of local production, while Foxtel funds about 2.5%.”