BSkyB adds 74,000 TV customers in 1Q 2014

Thursday, May 1st, 2014 
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BSkyB unaudited results for the nine months ended 31 March 2014

  • 74,000 net new TV customers, more than double growth in Q3 last year

MIDDLESEX, United Kingdom — British Sky Broadcasting Group PLC (LSE:BSY) has released unaudited results for the nine months ended 31 March 2014.

Jeremy Darroch, Chief Executive, commented: “The business performed strongly in the nine months to the end of March, demonstrating once again the benefits of our broad-based approach to growth. Despite continuing pressures on household budgets, we grew our revenues by 7% over the period with good levels of demand across the board. In all, we added 2.4 million new paid-for subscription products in the nine months since 30 June 2013, 31% more than the same period last year, taking our total product base past 34 million.

Our main focus in Q3 was a continued push on our connected homes strategy, responding to strong demand and enabling more customers to enjoy the full benefits of the Sky service. This helped deliver a particularly strong performance in TV, with growth across all TV subscription products in the quarter more than double that of the prior year. In Q3, we added 74,000 net new TV customers and 108,000 net new HD customers. We also added 284,000 new Sky Go Extra customers, an area where we continue to see excellent growth potential with around 5 million households now registered to use Sky Go. The success of our expanded TV Box Sets offering drove a significant proportion of the upgrades to HD, as well as delivering even more value for existing customers.”

Customer Metrics (’000s)

                            As at      As at  Annual  Quarterly Growth
                        31-Mar-14  31-Mar-13  Growth         31-Mar-14
                        ---------  ---------  ------  ----------------
Total paid-for
 products                  34,071     30,228  +3,843              +764
 TV                        10,610     10,388    +222               +74
 HD                         5,113      4,669    +444              +108
 Multiscreen                2,540      2,476     +64               +12
 Sky Go Extra                 927         44    +883              +284

New connected TV
 services
 Internet-connected
  Sky+HD boxes              4,952      2,284  +2,668              +600
 Sky Go unique users        3,678      3,262    +416              +364