British Sky Broadcasting Group plc
BSkyB: Q3 2005/6 results
BSkyB’s growth is increasingly coming from switching customers to more expensive services (multi-room and Sky+) rather than from growth in its customer base. Total direct to home (DTH) customer numbers are up 5% over an year ago (the same as growth over the previous year). Growth in the last quarter was just 0.5% over the […]
BSkyB: H1 results
Our comments on the Q1 results have already explained our concerns about long term competitive threats to Sky. The results so far this year confirm Sky’s strong current competitive position.
Despite its already dominant market share, Sky is adding subscribers faster than it did last year, and it is upgrading existing customers to Sky+ and multi […]
BSkyB Q1 results
We have a number of concerns about investing in Sky. Although Sky remains dominant and there is no pay TV platform in the UK that is yet a major competitor to Sky, alternative channels are emerging and we are beginning to see the emergence of real competition for the first time in many years. At […]
BSkyB 2005 results
Sky’s revenues for the full year were up 11% in line with the first nine months, with growth picking up a little in the fourth quarter. The key growth drivers are continued growth in the total number of customers (6%) and sales of the more expensive Sky+ and multi-room services. New customers in particular are […]
BSkyB Q3 results
The quarter was little different from last year with growth in subscribers, subscriptions to the newer services (Sky+ and multi-room), and turnover is much in line with last year. Margin improvements continued, adjusted EPS rose 51% and Sky is on track to meet full year expectations.
The still accelerating growth justifies the fairly high PE […]
BSkyB
BSkyB’s revenues were up 10% year on year in the first half of the current financial year (to June 2005). Revenue growth has been driven by both an increase in subscriber numbers (+6%) and higher ARPU (+5%) from driect home subscribers. Although this has sufficient momentum to make the short term outlook much brighter, the […]
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