Foxtel’s Kayo, Binge drive growth back to profit

Original article by Miranda Ward
The Australian Financial Review – Page: 24 : 7-Aug-21

Media giant News Corporation has posted a 2020-21 net profit of $US389m ($525.6m), compared with a loss of $US1.55bn for the previous financial year. Revenue rose four per cent year-on-year to $US9.36bn, while EBITDA was up 26 per cent at $US1.27bn. Meanwhile, News Corp Australia’s revenue was one per cent lower than previously, but the revenue of pay-TV group Foxtel was boosted by strong growth in subscriptions for its Binge and Kayo streaming services.

CORPORATES
NEWS CORPORATION – ASX NWS, NEWS CORP AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD, BINGE, KAYO SPORTS

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