Foxtel CEO To Address IPO Whispers Today
The Foxtel Group is holding its inaugural strategy day today, where CEO Patrick Delany will speak on the rollout of the iQ5 set-top box, the launch of news subscription service Flash, and whether or not the company is heading towards an IPO.
Foxtel has enjoyed a mammoth few years, with the launch of entertainment streaming service Binge, and sports service Kayo seeing its overall subscriber base swell to over four million.
The launch of Flash, the news partners for which are also expected to be discussed by Delany today, along with the iQ5 allowing for cable without satellite dishes (or, indeed, without cables) are expected to cause these numbers to rise further.
The company posted its best financials for FY21 in over eight years.