21st Century Fox announced its fiscal Q3 2018 financial results. Afterward, the company held an earnings call featuring Executive Chairman Lachlan Murdoch, CEO James Murdoch and CFO John Nallen.
It was an opportunity for them to discuss a wide range of topics, including the strong performance of 21CF’s cable networks, Hotstar’s impressive growth in India, the FOX upfront presentation, and the benefits of a growing DMVPD universe, Fox News’ resiliency and more.
Commenting on Hotstar’s strong growth and viewership along with its Sports Channels in India – James Murdoch said, “Our sports channels are growing at a fast clip, including driving massive scale of our mobile platform, Hotstar, which saw its reach exceed 140 million in the month of April and is currently showing more than 2.5 times growth in IPL watch time over last year. Overall, Hotstar continues to thrive as the go-to digital video platform and is now seeing 1 billion minutes of daily watch time regularly”.
“To put Hotstar scale into perspective, we had 7 million concurrent live streams during a single IPL match this season, which is likely the highest ever for a sporting event on a streaming service in the world.” added James.
With three quarters behind them in this fiscal year, 21st Century Fox made considerable progress on a lot of different fronts, and they feel that the business is in very good health.