Darren Leung's questions to News Corp (NWSA) leadership • Q4 2024
Question
Darren Leung asked for an update on Foxtel's progress toward the aspirational targets for subscribers, revenue, and CapEx set during the 2021 Investor Day, noting current performance is slightly behind those goals.
Answer
Robert Thomson, Chief Executive, emphasized the success of growing the streaming business while simultaneously increasing broadcast ARPU by 6%. Susan Panuccio, CFO, added that while the landscape has changed, they are proud of record streaming subscribers and have successfully implemented price increases while managing CapEx down.