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BSkyB grows revenue 6% to GBP 1.93 bln in 1st fiscal quarter

2014-10-16 09:20:00| Telecompaper Headlines

(Telecompaper) Pay TV and broadband operator BskyB (Sky) reported revenue up 6 percent to GBP 1.93 billion in its fiscal first quarter to 30 September, compared with GBP 1.82 billion in the year-earlier period, as it added 51,000 new retail customers to take the total to 11.5 million. The revenue increase benefited from one month's price rise in September and a growing contribution rom transactional revenue, with Sky Store revenue up 125 percent. Wholesale revenue increased by 9 percent to GBP 105 million in the fiscal first quarter from GBP 96 million a year earlier. Advertising revenue increased by 6 percent to GBP 108 million from GBP 102 million, due to its rising market share and a first time contribution from AdSmart. The top line growth translated into higher profits, with EBITDA rising 6 percent to GBP 417 million. Operating profit increased by 11 percent to GBP 316 million from GBP 285 million. Net profit reached GBP 608 million, including a GBP 429 million gain from the sale of a 6.4 percent stake in ITV, compared to GBP 245 million in the first quarter of the last fiscal year. EPS grew by 8 percent to GBP 0.141 from GBP 0.13 over the same period.

Tags: 1st quarter fiscal revenue

Category:Telecommunications

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