BSkyB results for the nine months ended 31 March 2013

Thursday, May 2nd, 2013
|
BSkyB logo

MIDDLESEX, United Kingdom — British Sky Broadcasting Group PLC (LSE:BSY) has released unaudited results for the nine months ended 31 March 2013.

We saw good growth in our TV products with a further 108,000 HD customers, 9,000 multiroom and 44,000 paying customers to our new mobile TV service Sky Go Extra.

The number of internet-connected Sky+HD set-top boxes rose by 33% on the previous quarter to 2.3 million.

Jeremy Darroch, Chief Executive, commented:

“In our television business, we continue to see rapid growth in our connected TV services as customers take advantage of new ways to watch our content. The number of internet-connected Sky+HD boxes grew by almost 45,000 every week in the quarter, leading to a fivefold increase in On Demand downloads and 37% growth in movie rentals against last year. Alongside the expansion of our mobile video service with the launch of Sky Go Extra, these trends are opening up new sources of future growth and value creation.”

Customer Metrics (‘000s)

                                      As at      As at  Annual  Quarterly Growth
                                  31-Mar-13  31-Mar-12  Growth      to 31-Mar-13
                                  ---------  ---------  ------  ----------------
Paid-for subscription products 
 TV                                  10,388     10,268    +120               +30
 HD                                   4,669      4,222    +447              +108
 Multiroom                            2,476      2,378     +98                +9
 Sky Go Extra                            44          -     +44               +44

New connected TV services
 Internet-connected Sky+HD boxes      2,284        604  +1,680              +569
 Sky Go unique users                  3,262      2,607    +655              +196

TV KPI Summary (000)

                            FY10/11                         FY11/12                 FY12/13
                     --------------  ------------------------------  ----------------------
                         Q3      Q4      Q1      Q2      Q3      Q4      Q1      Q2      Q3
                     ------  ------  ------  ------  ------  ------  ------  ------  ------
TV                   10,147  10,187  10,213  10,253  10,268  10,288  10,308  10,358  10,388
Sky+HD                3,686   3,822   3,925   4,063   4,222   4,343   4,468   4,561   4,669
Multiroom             2,237   2,250   2,295   2,350   2,378   2,402   2,423   2,467   2,476
Sky Go Extra              -       -       -       -       -       -       -       -      44
Connected HD boxes        -       -     204     442     604     995   1,255   1,715   2,284
Sky Go unique users       -       -   1,625   2,107   2,607   2,740   2,768   3,066   3,262

Retail customers     10,223  10,294  10,371  10,471  10,549  10,606  10,654  10,742  10,812

Churn                 10.4%   10.4%   11.1%    9.6%   10.1%    9.9%   10.9%   10.3%   10.8%