Stan will ‘absolutely’ continue to see investment following ‘exceptional’ result, says Sneesby

Calum Jaspan

August 26, 2022 10:28

Yesterday’s Nine Entertainment results saw subscription streaming service Stan grow its revenue by 22% in FY2022, however rising costs for the business meant that EBITDA growth took a backward turn compared to the previous year.

The media company did not put a specific figure on subscriber numbers but did point to an active figure exceeding 2.5 million. This comes after Stan CEO, Martin Kugeler gave an update on the platform in February, then-too noting the active subscriber base sat above the 2.5 million figure.

Sneesby, Nine CEO and former Stan CEO

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Calum Jaspan was news editor at Mumbrella, based in Melbourne. He was also the producer and host of the Mumbrellacast. He left Mumbrella in May 2023.

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