In response to questions from the SEC in February, News Corp’s global chief financial officer, Susan Panuccio, said residential subscribers tumbled by 196,000 in 2019, from about 2.2 million at the end of 2018 to a little over 2 million by 31 December, the documents show.
Paid subscriptions to the streaming service Foxtel Now also dropped, from 354,000 to 343,000 over the same period.
The number of paid subscriptions to the new sports streaming product Kayo exploded from 42,000 to 350,000, but dropped dramatically when the pandemic hit earlier this year and there was no live sport on television.
1 Like