Benzinga | May 25, 2021 09:02AM EDT

Eros STX Global Corp Sees FY21 Average Revenue Per User $0.52

2. Average Revenue per User (ARPU) Eros Now uses a "geo-sensitive" pricing model for its product in each market. Pricing is guided by the expectation that Eros Now is meant to be a high-quality and affordable mass-market entertainment service that allows people to consume content how and when they choose. Many users start their journey on Eros Now with short-form content or a la carte transactions for specific content, and then move on to more traditional subscription plans. The depth and availability of mass-market content is a tool to introduce consumers to the Eros Now product. As consumer engagement and consumption increases, Eros Now expects to focus on migrating these subscribers into higher ARPU plans of longer duration. Consistent with Eros Now's strategy to concentrate on direct-to-consumer relationships, the ARPU metric for Premium Paid subscribers will be an important indicator of the company's progress. In fiscal 2021, the annual ARPU (net to Eros Now after deducting commissions, partnership fees, etc.) of Premium Paid subscribers was as follows:

All Premium Paid Subscribers - Global: $0.52

* Premium Paid Subscribers - India: $0.30 Premium Paid Subscribers - International: $10.01