Okko reports first operating profit as user base expands

OkkoRussian OTT TV service Okko has reported its first operating profit after first-half revenues for the online movies service jumped by 59% in one year.

Okko posted revenues of RUB536 million (€7.7 million) for the first half, up 59%.

Okko said that its paying unique user base had grown by 65% to reach 125,000, with ongoing subscriptions now accounting for 25% of revenues. During the course of the last six months the company extended its smart TV reach and launched on PlayStation as well a undergoing a site revamp. Last year, Okko introduced new thematic-based subscriptions.

Okko offers a mix of movies from the likes of Fox, Warner Bros, Paramount, Sony, Universal and Disney as well as Russian movies. The OTT TV service also provides Hollywood movies in 4K.

Tags: Okko, OTT TV, Russia

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