BSKYB Q1 profit soars 75% to ?128 million

MUMBAI: With its revenues increasing by 10 per cent to ?1.38 billion and the customer base growing by 94,000 to reach 9.536 million homes, BSkyB‘s profit for the first quarter has risen by 75 per cent from ?73 million to ?128 million.

"Our business has made a good start to our 2010 financial year with another quarter of strong results," said chief executive Jeremy Darroch. "In what continues to be a tough economic environment, we have increased the number of customers joining Sky."


BSKYB absorbed the short-term costs of customer demand and delivered double-digit revenue growth, 9 per cent growth in operating profit, and 15 per cent growth in EPS.

"As the year continues, we‘ll maintain a clear focus on our customers and on delivering on our priorities, all with the aim of building a larger, more profitable, and better business," said Darroch.

Darroch also pointed to the increasing popularity of Sky‘s additional products: multi-room subscriptions added 62,000 to reach 1.9 million; Sky+ HD PVRs gained 287,000 (last year it was 93,000) to reach 1.6 million, compensating for the slower growth of Sky+ SD PVRs, with additions of 411,000 (compared to last year‘s 421,000), reaching 5.9 million.

The broadband base rose to 2.3 million with 100,000 net additions, down from last year‘s 164,000, and the telephony customer base added 132,000, up from 120,000 to reach 1.98 million. ARPU in the period rose from ?430 to ?469.


Latest Reads
India, China to propel APAC, beat CAS Europe market share

APAC is expected to overtake the market share of Europe in future due to an increasing demand for digital TV set-up boxes in countries such as China and India. North America and Europe dominated the global CAS market in 2015. APAC region is estimated to mark a growth rate of 12.0 per cent CAGR...

Technology Hardware Set-top Boxes
India lucrative market for 4K UHD STBs: Grand View Research

Here’s a view on the demand for 4K or ultra high definition (UHD) set-top boxes (STBs) in India.

Technology Hardware Set-top Boxes
Infor appoints Dass as south Asian subcontinent V-P

Infor, a leading provider of business applications specialized by industry and built for the cloud, has appointed Ashish Dass as the vice president and managing director for the south Asian subcontinent. Infor software helps eliminate the need for costly customization through embedded deep...

Technology Software Applications
Siti & DishTV opt for Conax conditional access

The Essel group has been using Conax’s tech for sometime now for its Siti Network (earlier known as Siti Cable). Now the group has extended that partnership for another product for both Siti Network and DTH operator Dish TV India. This time it is for the cardless set top boxes that the two are...

Technology Hardware Set-top Boxes
Imagine Communications extends functionality of Selenio One unified transcoding platform to OTT

MUMBAI: Imagine Communications, empowering the media and entertainment industry through transformative innovation, today introduced a high-density adaptive bitrate (ABR) transcoding product built on Selenio One™, the company’s software-defined linear transcoding platform. Selenio One is designed...

Technology Hardware Components
DJI Makes Your Smartphone Smarter with the New Osmo Mobile

DJI, the world leader in creative camera technology, Thursday launched the Osmo Mobile, an extension for smartphones that turns them into intelligent, precision camera systems.

Technology Hardware Components
Prime Focus Tech gets funding from PE firm Ambit Pragma

MUMBAI: Prime Focus Technologies (PFT) – the technology offshoot of media services company Prime Focus - informed the Bombay stock exchange today that it had received its first round of funding from growth capital private equity fund Ambit Pragma.

Technology Software Applications
Three new products developed by C-DOT launched on its Foundation Day

Communications Minister Manoj Sinha today expressed the hope that 100,000 Gram Panchayats (GPs) will be connected through Optical Fibre Cable (OFC) by March next to set up a network infrastructure to serve the rural masses.

Technology Hardware Distribution
Genpact and BITS partner to build talent in the field of analytics

Genpact (NYSE: G), a global leader in digitally-powered business process management and services, today announced a partnership with premier technical education university Birla Institute of Technology and Science (BITS) for offering training programs in the field of analytics.

Technology Software Middleware

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories