Quickflix experienced a strong March quarter of growth increasing its base of paying customers by 16,000 or 16 per cent to 118,557. Total active customers (paying customers plus introductory trialists who have registered with a valid credit card) increased by 13 per cent to 137,059. Organic growth through customers signing up on Quickflix-enabled devices; increased marketing and promotional activity; and underlying demand for streaming contributed to the momentum in the quarter.
Revenue for the quarter was higher in line with a growing paying customer base. Revenue recorded of $5.2 million represented an increase of 9 per cent on the previous quarter. The growth came from an increase in the number of monthly subscriptions and demand for additional streaming of pay per view movies and pay per episode TV series. Continue reading »