AUD$700m revenue from US over last quarter or so. Not a bad effort considering there was no paywall!
US Paywall will be activated next week. US revenues will start to accelerate now. The US market is 10 times the size of Australia. They have regular coverage of all the major US population centres. Happy to buy back in at these levels and take a small punt that they will start to break even in the US over the next year or so.
If they can break even in the US, the sp will easily be worth over $1 imho.
US Paywall activated next week.
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