BSkyB quarter revenue up 9% to ?1.6 bn

MUMBAI: UK pay TV operator Sky has posted a revenue of ?1.6 billion for the three-month period ended September, up nine per cent from the year-ago period, as it gained from the broadly based growth in retail and other lines of business.

Adjusted operating profit was up 16 per cent to ?295 million with further margin improvement.

There was a 20 per cent increase in adjusted basic earnings per share to 11.6 pence. There was also a 39 per cent growth in adjusted free cash flow to ?96 million.
 
Subscriber and products growth were up 77,000 and 683,000
respectively. There was continued improvement in product mix with 2.9 million customers taking all three of TV, broadband and telephony, up by 29 per cent.

Sky CEO Jeremy Darroch said, “In tough market conditions, our move to more broadly based growth and multiple products is serving us well. New customers are choosing Sky over other providers, existing customers are taking more from us and our financial performance is accelerating, with another quarter of double-digit growth in operating profit, EPS and free cash flow.”