BT Financial Results: Two million customers for BT Sport

Gavin Patterson, CEO of BT, has announced the UK telco and pay-TV provider’s fiscal second quarter earnings. BT Sport, so Patterson, had made a “confident start” with more than two million BT customers signing up for the sports channel, which launched in August 2013.

The sports line-up is “delivering for the business, helping us achieve a record 93% share of broadband net adds in the quarter, our lowest line losses for five years and 4% revenue growth in our BT Retail Consumer business,” said Patterson.

BT revealed that consumer revenue had increased by 4% for the three months since September 30 compared to the previous quarter, driving a 17% growth in broadband and TV revenue following the launch of BT Sport.

Adjusted earnings before interest, tax, amortisation and depreciation became in at 1.43 billion, down 4% year-on-year, due to the impact of BT’s investment in the channel, listed in the quarterly earnings as around £140 million, said BT.

Total revenue was flat year-on-year at £4.49 billion. Adjusted pre-tax profits were up 2% to £609 million.

DTG Staff  |  31.10.2013

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