Kayo has 100,000 paying subscribers
Stand-alone sports platform has not severely impacted Foxtel subscriber numbers.
Of those 100,000 are paying subscribers -a good start since November.
The other good news is that it has not severely cannibalised Foxtel subscribers.
Foxtel had 2.9 million subscribers in the three months ending on December 31.
The proportion of subscribers who left in the quarter, which the industry describes as churn, hit 15.6 per cent, compared to 12.9 per cent in the first quarter and 14.5 per cent in the three months to December 31, 2017.
“Of course, there is more churn when you increase prices as we did late last year, but what we are absolutely not seeing is massive spin down to Kayo from premium subscribers,” News Corporation chief executive Robert Thomson said.
“Kayo is in the earliest innings … that number has indeed been rising week after week in the two months since we’ve launched. We are on the cusp of the peaking sport selling season, which is Aussie Rules and rugby league.”
Foxtel is also tipped to launch more stand-alone streaming products in Drama or Entertainment, with chatter tipping April to benefit from the Game of Thrones return.