Foxtel earnings up 12.1%

By David Knox on February 8, 2013 / Filed Under Pay TV 7

2013-02-08_0058Foxtel boosted second half underlying earnings by 12.1%, The Australian reports.

Earnings before interest, taxes, depreciation, and amortisation in the six months to December 31 came in at $463 million.

Revenue increased 7.2 per cent to $1.554 billion. Residential subscribers grew by 1.7 per cent to 2.27 million.

“We’re pleased with the result and compared to most other media companies in Australia we’re doing well,” Foxtel chief executive Richard Freudenstein said.

7 Comments »

  1. daran February 9, 2013 at 9:00 pm -

    Cancelled my subscription to Foxtel as well and not looked back. Never received a call from them either since leaving

  2. Travis February 9, 2013 at 3:22 pm -

    They’ve always budged when i’ve rang for a better deal.

  3. rach February 8, 2013 at 12:07 pm -

    Do what we did, cancelled our sub , then six months later after continual calls(from Foxtel) to sign up again got HD IQ2 Platinum package for $100 a month and no contract, yes they gouge their existing , long term customers , won;t budge when you call them for better deals, yet they will offer anything to get new or old customers to sign up.

  4. Stephen February 8, 2013 at 11:34 am -

    So subs up 1.7% and revenue up 7% – basically new sign ups have slowed, so they are gouging their existing subs. I can’t see this being a good long term strategy.

  5. Pertinax February 8, 2013 at 11:30 am -

    That isn’t profit, it is revenue and EBITA.

    Interesting, all the media reports have been that the tough economic climate has resulted in a drop in subscribers, and a drop in expensive premium packages. Guess that bottom out in first half of 2012.

  6. Josh777 February 8, 2013 at 9:03 am -

    Rediculous that they increase the price even though they are making so much profit. Not to mention, 1.7% increase in subscribers is humiliating, and an increased price isn’t going to help them increase their penetration. Foxtel are too focused on their profit and not enough on their subscribers. Offering all channels, with a HD STB, should be a maximum of $110 ($40 starter, $20 entertainment extra, $20 sports, $20 movies, and $10 HD STB), which would definitely be more appealing to new customers than over $130. But as long as they are the sole STV provider in Australia, I can’t see that happening.

  7. tihsamikah February 8, 2013 at 5:30 am -

    … yet prices have gone up…….
    wonder why foxtel keep calling me after my connection has been cancelled? don’t know don’t care… have the number blocked.
    myth tv + VPN to the US….. haven’t missed foxtel once…..

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