Kogan Internet — Daily Performance Report

Reference date 17 Sep 2026 · generated 18 Sep 2026 · Sales from GA4 · Activations, disconnections, GTV and TCC from BigQuery

Performance Summary

Reference date 17 Sep 2026 · generated 18 Sep 2026 (Australia/Melbourne)

TCC — end of period (17 Sep)
25,336
YoY +4,903 (+24.0%)MoM +2,381 (+10.4%)
FYTD Activations
5,008
YoY +1,586 (+46.3%)
FYTD Sales (GA4)
4,965
YoY +1,858 (+59.8%)
FYTD GTV (ex-GST)
$4,412,078
YoY +$815,515 (+22.7%)
MTD Activations
1,163
YoY +812 (+231.3%)MoM +151 (+14.9%)
MTD GTV (ex-GST)
$1,126,473
YoY +$309,090 (+37.8%)MoM +$23,893 (+2.2%)

✓ What’s Working Well

  • TCC has crossed 25,000 for the first time — 25,336 at 17 Sep, +4,903 YoY (+24.0%) and +2,381 against 17 Aug (+10.4%).
  • FYTD activations 5,008 vs 3,422 PY — +1,586 (+46.3%). Q3 CY26 at 5,008 is already the strongest quarter in the three-year series.
  • FYTD sales (GA4) 4,965 vs 3,107 PY — +1,858 (+59.8%), running ahead of activations as expected given the order-to-activation lag.
  • FYTD GTV $4,412,078 vs $3,596,563 PY — +$815,515 (+22.7%); August 2026 set a record monthly GTV of $1,699,039.
  • MTD activations 1,163 vs 351 PY (+812, +231.3%) and 1,012 last month (+151, +14.9%) — September is ahead on both comparisons.
  • MTD GTV $1,126,473 vs $817,383 PY (+$309,090, +37.8%) and $1,102,580 MoM (+$23,893, +2.2%).
  • MTD disconnections 129 vs 376 PY (−247, −65.7%) and 553 last month (−424, −76.7%) — see the 45-day lag caveat opposite.
  • Yesterday's activations 74 (LAD 16 Sep) vs 15 PY (+59, +393.3%) and 57 on 17 Aug (+17, +29.8%).
  • Gold+ is now the growth engine — 854 of 1,163 MTD activations (73.4%), and Gold+ TCC has reached 8,181 (33.8% of the base) from 192 a year ago.

⚠ What Needs Watching

  • Yesterday's derived disconnections are negative (-1,010) — a data-freshness artefact, not a real result. BigQuery now puts TCC as at 16 Sep at 25,336 against the 24,252 published yesterday, so overnight invoice loads pushed TCC above PTCC + activations. Shown in neutral grey rather than green.
  • Yesterday's PY GTV is $0 — no invoices were issued on 17 Sep 2025, so the YoY % is N/A. CY $82,967 against $126,941 on 17 Aug (−34.6%) is invoice-cycle timing, not a revenue decline.
  • FYTD disconnections 1,924 vs 1,816 PY — +108 (+5.9%). Churn is up in absolute terms, though on a base 24% larger, so the underlying rate has improved.
  • MTD and FYTD disconnections are a floor — the invoice-cycle method needs 45 days to confirm an event, so September's 129 will rise materially as the month settles. The −65.7% YoY is not final.
  • Legacy tiers keep shrinking — Silver TCC 7,888 (from 11,292 a year ago, −30.1%) and Gold 5,509 (from 6,417, −14.1%). All net base growth is Gold+; worth watching the margin mix as customers migrate.
  • PTCC vs BigQuery divergence — the published PTCC (24,252) and BigQuery’s retrospective view of the same date (25,336) differ by 1,084. Worth confirming the TCC sheet is written after the overnight invoice load rather than before.

Yesterday — 17 Sep 2026

YoY (vs prior year) MoM (vs prior month)
MetricCY17 Sep 2026PY17 Sep 2025YoY ΔYoY %MoM17 Aug 2026MoM ΔMoM %
Sales (GA4) ⁽³⁾7038+32+84.2%75−5-6.7%
Activations74(CY reflects LAD 16 Sep)15+59+393.3%57+17+29.8%
Disconnections ⁽ᵃ⁾(Activations + PTCC − TCC)-1,0100−1,010N/A118−1,128-955.9%
GTV (ex-GST)$82,967$0+$82,967N/A$126,941−$43,974-34.6%
TCC (end of period — 17 Sep)25,33620,433+4,903+24.0%22,955+2,381+10.4%
PTCC (previous day's published TCC — 16 Sep) ⁽⁵⁾24,25220,418+3,834+18.8%23,016+1,236+5.4%

Plans activated — all plans (CY uses LAD 16 Sep 2026)

PlanCY activationsPY activationsYoY ΔYoY %
Gold+ MTM587+51+728.6%
Gold MTM92+7+350.0%
Bronze MTM41+3+300.0%
Silver MTM24−2-50.0%
Platinum MTM11+0+0.0%
Total7415+59+393.3%

⁽³⁾ Sales sourced from GA4 (Ecommerce purchases: Item name report). All other metrics from BigQuery.

⁽ᵃ⁾ Disconnections derived formula: Activations + PTCC − TCC. CY: 74 + 24,252 − 25,336 = -1,010. PY: 15 + 20,418 − 20,433 = 0. MoM: 57 + 23,016 − 22,955 = 118. PTCC (CY) from Google Sheet; PTCC (PY) and PTCC (MoM) from BigQuery (settled historical data). A negative result indicates BigQuery invoice data arrived overnight causing TCC_EOP to exceed PTCC + activations — a data-freshness artefact, rendered in neutral grey so it is never coloured as a win. True figures pending SQL Server source ([KOG_DATAWAREHOUSE].[VHA].[T_KGN_INTERNET_TOTALS_DAILY_HISTORY]).

⁽⁵⁾ PTCC_CY = previous day’s published TCC, loaded from the TCC Calc Google Sheet. PTCC_PY and PTCC_MoM are computed from BigQuery using report_date = YEST_PY−1 and MOM_YEST−1 respectively (historical data is settled, so BigQuery is accurate). Disconnections (yesterday) = Activations + PTCC − TCC.

Activations lag: NbnActivationDate carries a 1-day data lag, so yesterday’s CY activations use the Latest Activation Date (16 Sep 2026). PY and MoM use their calendar dates. Where a base period is 0, the percentage is shown as N/A.

Month to date — 1–17 Sep 2026

YoY (vs prior year) MoM (vs prior month)
MetricCY1–17 Sep 2026PY1–17 Sep 2025YoY ΔYoY %MoM1–17 Aug 2026MoM ΔMoM %
Sales (GA4) ⁽³⁾1,396359+1,037+288.9%956+440+46.0%
Activations1,163351+812+231.3%1,012+151+14.9%
Disconnections⚠ floor (45-day lag)129376−247-65.7%553−424-76.7%
GTV (ex-GST)$1,126,473$817,383+$309,090+37.8%$1,102,580+$23,893+2.2%
TCC (end of period)25,33620,433+4,903+24.0%22,955+2,381+10.4%

Plans activated — all plans

PlanCY activationsPY activationsYoY ΔYoY %
Gold+ MTM85424+830+3458.3%
Gold MTM169124+45+36.3%
Silver MTM59138−79-57.2%
Bronze MTM4653−7-13.2%
Diamond MTM208+12+150.0%
Platinum MTM154+11+275.0%
Total1,163351+812+231.3%

⁽³⁾ Sales sourced from GA4 (Ecommerce purchases: Item name report). All other metrics from BigQuery.

Disconnections use invoice-cycle churn: a customer’s last invoice with no follow-up within 45 days, attributed to invoice date + 35 days. Because the method needs 45 days to confirm an event, recent periods are a floor and will rise as the window settles.

⁽⁴⁾ GTV anomaly adjustment: a bulk-rebill event inflated March 2025 GTV to ~$21.26M. No prior-year period in this report covers March 2025, so no adjustment was applied to these tables this run. The TCC + GTV chart substitutes April 2025 for the March 2025 bar.

Financial year to date — 1 Jul – 17 Sep 2026

MetricCY1 Jul – 17 Sep 2026PY1 Jul – 17 Sep 2025YoY ΔYoY %
Sales (GA4) ⁽³⁾4,9653,107+1,858+59.8%
Activations5,0083,422+1,586+46.3%
Disconnections⚠ floor (45-day lag)1,9241,816+108+5.9%
GTV (ex-GST)$4,412,078$3,596,563+$815,515+22.7%
TCC (end of period)25,33620,433+4,903+24.0%

Plans activated — all plans

PlanCY activationsPY activationsYoY ΔYoY %
Gold+ MTM3,63824+3,614+15058.3%
Gold MTM7321,171−439-37.5%
Silver MTM2671,561−1,294-82.9%
Bronze MTM219559−340-60.8%
Platinum MTM8260+22+36.7%
Diamond MTM7046+24+52.2%
Gold M2M01−1−100.0%
Total5,0083,422+1,586+46.3%

⁽³⁾ Sales sourced from GA4 (Ecommerce purchases: Item name report). All other metrics from BigQuery.

Disconnections use invoice-cycle churn: a customer’s last invoice with no follow-up within 45 days, attributed to invoice date + 35 days. Because the method needs 45 days to confirm an event, recent periods are a floor and will rise as the window settles.

⁽⁴⁾ GTV anomaly adjustment: a bulk-rebill event inflated March 2025 GTV to ~$21.26M. No prior-year period in this report covers March 2025, so no adjustment was applied to these tables this run. The TCC + GTV chart substitutes April 2025 for the March 2025 bar.

TCC + GTV

End-of-month Total Connected Customers (blue line, left axis) against monthly GTV ex-GST (green bars, right axis). The final point is today, 18 Sep 2026, shown in amber — its GTV bar is month-to-date only.

* March 2025 GTV is substituted with April 2025’s full-month figure ($1,239,536). The raw March 2025 value of $21,255,577 reflects a one-off bulk-rebill event and would otherwise flatten the entire series.

3-Year Trends

A · Monthly Sales (GA4)

35/37 months populated · Nov 2023 onwards from real GA4. Sep–Oct 2023 predate GA4 ecommerce tracking and stay blank. Current month (amber) is GA4 month-to-date through 17 Sep 2026.

B · Monthly Connections (Activations)

C · Quarterly Connections (Activations)

D · Monthly Activations by Plan Tier

E · TCC by Plan Tier

Tiers derived from each customer’s most recent product. "Other" (currently 18 customers) is excluded from the tier charts. The final point on each chart is the current, in-progress period, shown in amber.