Member Article

BSkyB posts strong results for Q1

The News Corporation-owned media company BSkyB reported “strong growth” in the last quarter, with operating profit rises of 5%.

The company, which provides TV, broadband and phone services to 10,654,000 customers, said revenues rose by 4%, while earnings per share improved by 16%.

BSkyB now provides all three of its services to one in three customers, as it announced a first quarter customer loyalty churn of 10.9%.

Product growth increased by 533,000 and the business won 48,000 new customers, while unique users of the company’s Sky Go services, which lets customers view television on their computer, was up by 75%.

BSkyB’s Chief Executive, Jeremy Darroch, commented: “Our investment in high quality content and innovative services has delivered excellent levels of loyalty and generated good growth in customers and products. “Looking forward, whilst we continue to see a challenging consumer environment in the UK and Ireland, we are well positioned to execute our plans for the year.”

This was posted in Bdaily's Members' News section by Miranda Dobson .