BT TV subscribers pass 1 million in 1Q 2014
Thursday, May 8th, 2014BT Group plc (BT.L) today announced its results for the fourth quarter and year to 31 March 2014.
BT Consumer
Revenue increased 9% in the quarter, a strong performance, driven by 24% growth in broadband and TV revenue reflecting the impact of BT Sport. We added 46,000 TV customers bringing the total to 1 million.
In the quarter we launched a smaller, sleeker and more power efficient version of the YouView set-top box. We also added five new high definition channels to our line-up, bringing the total on our YouView service to 27. We will be closing our first generation TV service in the first quarter of 2014/15. We will exchange legacy set-top boxes for new YouView boxes and anticipate some impact on TV customer churn during this period.
We now have around 3m direct BT Sport customers, which include those watching via satellite, BT TV, online or via the app. Including our wholesale deals, BT Sport is now in around 5m homes. During the quarter we further strengthened our BT Sport proposition: we extended our exclusive live German Bundesliga football rights for the UK and Republic of Ireland until 2017 and started to broadcast Moto GP and coverage of the World Rally Championship.
2011/12 2012/13 2013/14 ------------------ ------------------ -------------------- Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 --- --- --- --- --- --- --- --- --- --- --- ----- TV customers* ('000) 598 639 679 707 728 749 770 810 833 903 956 1,002 QoQ movement ('000) 23 41 39 28 21 21 21 40 23 70 53 46
Latest News
- Nexxen empowers Australian advertisers using VIDAA ACR data
- TargetVideo integrates AI for video content categorization
- Meta opens Quest OS to third-party hardware makers
- Aferian to implement further cost reductions at Amino
- Paramount to exclusively represent SkyShowtime advertising sales
- Sky Sports Main Event latency reduced on Entertainment OS devices