Foxtel subscribers stalled on 1.6m, but profits rise
Foxtel’s stuttering customer growth has continued with its total number of susbcribers stuck at just over 1.6m for the third year running, numbers released to the market have today revealed.
The company blamed it on factors including negative consumer confidence and the rise of Freeview.
According to Foxtel: “Despite the challenging consumer environment total Foxtel managed subscribers grew by 2.5% with total subscribers reaching over 1.65m.”
Last year’s numbers put total subscribers at 1.632m. The increase of total subscribers of just 30,000 represents growth of just 1.8%.
1.65m – 1.635m = 18,000, or 1.1% by my count.
You’re right, Nick. Thanks for that.
Cheers – Tim
Maybe Foxtel has just become to expensive.
u think?
As Nick mentions, the figures in the article are incorrect.
AAP (presuming you sourced the story from them) have fallen for Foxtels selective use of figures.
The foxtel release says “..FOXTEL managed subscribers grew by 2.5% with total subscribers reaching over 1.65m…” but the AAP reports have morphed it into “..Subscriber numbers grew 2.5 per cent during the year to more than 1.65 million..” which is similar, but crucially different.
One quote ‘managed subscribers’ and the other ‘total subscribers’ given the way Foxtel worded the release, one presumes they were trying to draw attention away from the fact that overall growth was just over 1%
The actual media releases:
2010 – https://www.foxtel.com.au/about-foxtel/communications/foxtel-continues-eernings-momentum-84876.htm
report “.. Total subscriber households, including wholesale, finished at 1.632m…”
2011 – https://www.foxtel.com.au/about-foxtel/communications/foxtel-announces-solid-growth-despite-difficult-consumer-env-140568.htm “..Total subscriber households, including wholesale, finished at 1.652m…”
so 20 000 overall customer growth, or 1.2%.