The Ukrainian OTT service Divan.TV reached breakeven in Q4 2014, registering revenue growth of 15-20% monthly.
Aimed at a Ukrainian and Russian speaking audience of 300 million in 200 countries worldwide, it currently has a subscriber base of over 700,000 registered users. This is 180% more than at the end of 2013, while revenues last year were 130% up on 2013.
The majority of Divan.TV users (70%) access the service on smart TVs. As a result, the company entered into a strategic partnership last year with LG.
The Divan.TV app is also available on Philips TV. Meanwhile, the number of Android and iOS installations now exceeds 100,000.
Divan.TV has also launched new interface (2.0) on Samsung Smart TV, LG, Philip and STV (Duna, iNext and Aura).
Commenting on its plans for 2015, Arkadiy Kanyuka, Divan TV’s newly appointed executive director, said: “We plan to scale our business going internationally with the focus on Ukrainian- and Russian speaking audience outside of Ukraine and Russia. We see untapped mark?t there, that`s why we are looking forward for partnership with local ISP`s and Cable companies in USA and Europe to upsale their current and future clients with our offering in bundle with their core service”.