Quickflix boosts customer base


quickflixMovie rental and streaming service, Quickflix, has seen 10 per cent customer growth in December quarter.

Quickflix continued its growth, adding more than 10,000 new customers and experiencing strong demand for its streaming service.

Total active customers increased by 10 per cent to 120,800 in the quarter including 18,552 trialists.

The addition of new customers was achieved through a number of promotional channels, including the company’s network of consumer electronic device partners.

The number of paying customers grew by four per cent during the quarter to 102,248.

Despite this, revenue for the December quarter was $4.8 million, five per cent lower than the previous quarter, however, in the first weeks of the current quarter revenue is tracking higher on the larger base of paying customers.

Net operating and investing cash outflow for the quarter was $0.93 million.

Streaming momentum continued to build in the quarter with the numbers of hours streamed increasing by 23 per cent over the previous quarter.

The level of streaming was 40 per cent higher than the equivalent period in the prior year.

New platforms launched during the quarter including PlayStation 4, LG Smart TVs, TiVo, and Amazon Kindle Fire added to the demand.


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