Newspaper article The Evening Standard (London, England)

BSkyB in Black after Record-Breaker

Newspaper article The Evening Standard (London, England)

BSkyB in Black after Record-Breaker

Article excerpt

Byline: ROBERT LEA

BSKYB was back in the black today, celebrating what it called a record quarter, having racked up losses of more than pound sterling2 billion in previous years investing in the digital revolution and spread-eagling rival pay-TV platforms.

Reporting figures for the three months to the end of September, the first trading quarter of its financial year, chief executive Tony Ball said: "This has been a record-breaking quarter for Sky.

"The highest first-quarter subscriber growth for nine years, the lowest churn since the launch of Sky digital and falling subscriber acquisition costs, have delivered a 69% increase in operating profit."

At the pre-tax level, BSkyB reported profits of pound sterling13 million against a loss of pound sterling89 million a year ago on turnover up 13% at pound sterling726 million.

The number of new "direct-to-home" Sky subscribers came in at 217,000, taking the total number of subscribers, not counting those who get Sky via cable, to 6,318,000, well on the way to hitting Ball's target of seven million such subscribers by the end of next year. …

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