New Foxtel subscriptions may have slowed in the current climate but company revenue for the year ended 30 June 2010 was up nearly 10% to just over $2b.
Foxtel today announced a 17.5% growth in earnings (EBITDA) to $477m for the year to 30 June 2010.
The Pay TV giant is seeing strong uptake of the Foxtel iQ2 with High Definition, including current customers adding the service. Together with iQ, combined penetration is now at 63%, and 36% of subscribers are taking Multi-Room.
Foxtel has over 1.54m direct subscriber households (including the installation queue), up 3% on the same time last year. Total subscriber households is 1.632m. Churn, the number of cancellations, is at 13.5% for the full year, around the same for the year prior.
“We continued to invest and innovate including broadcasting in February the most comprehensive Olympics coverage in Australia’s broadcasting history with the Vancouver Olympic Winter Games as well as launching Foxtel Next Generation,” CEO Kim Williams said.