▁X ero ▁hit ▁a ▁million ▁subscri bers ▁in ▁its ▁home ▁mark ets ▁of ▁Australia ▁and ▁New ▁Zealand . ▁ ▁Rod ▁Dr ury ▁stepped ▁down ▁as ▁CE O ▁on ▁ 3 1 ▁March ▁ 2 0 1 8 , ▁with ▁Steve ▁V amos ▁replacing ▁the ▁role ▁in ▁April ▁ 2 0 1 8 . ▁Rod ▁remains ▁on ▁the ▁board ▁as ▁a ▁non - exec utive ▁director . ▁ ▁In ▁ 2 0 1 9 , ▁X ero ▁announced ▁it ▁had ▁hit ▁ 1 . 8 ▁million ▁subscri bers , ▁employed ▁ 2 , 5 0 0 + ▁people ▁around ▁the ▁world ▁and ▁achieved ▁positive ▁free ▁c ash ▁flow ▁for ▁the ▁first ▁time . ▁ ▁Fund ing ▁X ero ▁went ▁public ▁on ▁the ▁New ▁Zealand ▁Exchange ▁on ▁June ▁ 5 , ▁ 2 0 0 7 , ▁with ▁a ▁$ 1 5 ▁million ▁( N Z D ) ▁IP O , ▁gain ing ▁ 1 5 % ▁on ▁its ▁first ▁trad ing ▁day . ▁Dr ury ▁decided ▁to ▁list ▁on ▁the ▁N Z X , ▁rather ▁than ▁receive ▁invest ment ▁from ▁Sil icon ▁Valley ▁in ▁order ▁to ▁avoid ▁being ▁press ured ▁into ▁s elling ▁to ▁a ▁larger ▁compet ing ▁company . ▁The ▁company ▁focused ▁on ▁the ▁New ▁Zealand ▁market ▁and ▁product ▁and ▁development ▁for ▁its ▁first ▁five ▁years ▁before ▁entering ▁other ▁mark ets . ▁It ▁went ▁public ▁on ▁the ▁Australian ▁Sec ur ities ▁Exchange ▁( AS X ) ▁on ▁November ▁ 8 , ▁ 2 0 1 2 . ▁X ero ▁transition ed ▁to ▁a