BSkyB reveals 7% growth across all products for first quarter-year’s financial results

Pay-TV service provider BSkyB has announced a strong set of results for its first quarter-year’s financial results. BSkyB reported that revenues for the three months to 30 September 2013 were up 7%, fuelled by robust growth across all of the Pay-TV provider’s products. Adjusted operating profit was down 8% and adjusted basic earnings per share were down 3% to 13.0 pence, reflecting the previously announced step-up in Premier League costs and our investments to accelerate take-up of connected services.

Customer demand, so BSkyB, delivered an increase of 800,000 paid-for subscription products over the three-month period, with quarterly growth up 50% year on year. Further, BSkyB saw good growth across all TV products, adding 37,000 net new TV products and 107,000 new customers to HD. Sky Go Extra, our paid-for mobile TV service, continued to grow strongly with the addition of 219,000 new customers in the quarter, taking the total base to 385,000.

Home communications performed well for BSkyB, with the addition of 111,000 new broadband customers, 9% more than the first quarter last year and taking the company past the 5-million mark. Telephony grew by 151,000 and line rental by 161,000. In all, 36% of BSkyB’s customer base now takes all three of TV, broadband and telephony from Sky, 519,000 more than last year.

ARPU continued to grow well, according to the financial report, increasing by £17 to reach £559, representing growth of 3% versus the prior year. The largest driver of higher ARPU was the greater average number of products taken by BSkyB’s customers. BSkyB closed the quarter with 11.2 million retail customers, growth of 71,000 in the quarter, almost 50% higher year on year.

"We were particularly pleased with the continued strong performance in home communications. Quarterly growth in broadband was up on last year taking us past the 5-million customer milestone. In all, 36% of customers now choose to take all three of TV, broadband and telephony from Sky, over half a million more than last year. We are making excellent progress against the plan we set out in July to accelerate growth and returns from new services," said Jeremy Darroch, Chief Executive.

DTG Staff  |  17.10.2013

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