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    Sky Full Year to 30/06/2016 Financial results

    This is a discussion on Sky Full Year to 30/06/2016 Financial results within the Sky news and announcements forums, part of the SkyUser Announcements category; For those who are interested, Sky's Full Year to 30/06/2016 Financial results will be published on Thursday 28 July 2016 ...

    1. #1
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      Sky Full Year to 30/06/2016 Financial results

      For those who are interested, Sky's Full Year to 30/06/2016 Financial results will be published on Thursday 28 July 2016 at 07:00.
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      Re: Sky Full Year to 30/06/2016 Financial results

      Yes, be interesting.
      Certainly been quite a few product launches and announcements over the last year, sky q, 4k uhd, new now tv box, sky+hd improvements.

      Be interesting to see how well sky q has done and how many broadband customers moved over to sky as a result of that.
      Will sky mobile get a launch date?
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      Re: Sky Full Year to 30/06/2016 Financial results

      Quote Originally Posted by lettice View Post
      Will sky mobile get a launch date?
      I'm holding out for my first iPhone for this. Still on a 3 year old 4.2.2 Jellybean phone.

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      Re: Sky Full Year to 30/06/2016 Financial results

      Quote Originally Posted by lettice View Post
      Will sky mobile get a launch date?
      Its looking that way, finally, as this and a similar article from the times suggests the launch could be imminent

      Sky expected to unveil profit leap as it readies mobile market entry | City A.M.

      Maybe Sky will launch their mobile service to coincide with Samsung's launch of their new flagship Note 7 device next week.

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      Re: Sky Full Year to 30/06/2016 Financial results

      Quote Originally Posted by speedyrite View Post
      For those who are interested, Sky's Full Year to 30/06/2016 Financial results will be published on Thursday 28 July 2016 at 07:00.
      I'd guess "Churn" is going to be up for Q4 (2015/2016) since retention offers have gone "nuts" again recently despite the bosses saying they were cutting back on these type of deals.

      I have no idea.

      Maybe they saved so much with the crap deals in the last 2 quarters they've decided to spend more in the next quarter since they went "nuts" in Q1 the last 2 years and they'd all leave otherwise.
      Please note the views and recommendations in my posts are my own and in no way reflect the views of Sky

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      Re: Sky Full Year to 30/06/2016 Financial results

      Results announced: https://corporate.sky.com/documents/..._june_2016.pdf

      Nothing about Sky Mobile, other than a comment
      Our third priority is to successfully launch our brand into the mobile marketin the UK, opening up a significant new source of revenue and profits.
      as far as I can see.
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      Re: Sky Full Year to 30/06/2016 Financial results

      Results released;

      • 7% increase in revenue to 11,965 million with adjusted operating profit up 12% to 1,558 million
      • 808,000 new customers and 3.3 million new products sold across year; products pass 57 million
      • 445,000 new UK an Ireland customers across the year, including 93,000 in Q4
      • Total product growth was 2.3 million across the 12 months with 31,000 new TV products in Q4
      • 24,000 new broadband products in the quarter, taking total broadband growth to 347,000 across the year.
      • Statutory results: 20% increase in revenue; operating profit up 1% to 977 million;
      • Sustained strong performance in the UK and Ireland; revenue passes 8 billion
      • Enhanced customer proposition in Germany and Austria driving first ever full year operating profit
      • Offering the best TV across a choice of platforms delivers a return to customer growth in Italy
      • Current synergy target of 200million by 2017 on track; extending to 400 million by 2020


      Jeremy Darroch, Group Chief Executive, commented:

      With revenue up 7% and profits up 12%, it’s been another excellent year for Sky.
      We have broadened our business and expanded into new consumer segments, applying our proven strategy across the group.

      The group is leveraging the many opportunities of scale; sharing resources, insights, expertise and innovation.
      We are investing in a broad range of world class entertainment in every market, distributed across an unrivalled choice of market-leading platforms and supported by excellent service, because these are the things that really matter to customers.

      Each of our markets is making very strong progress.
      In the UK and Ireland we passed 8billion in revenue for the first time by giving consumers more and more reasons to choose Sky including our new premium service , Sky Q.
      In Germany and Austria, we have broadened our TV offering to attract more customers. Today we are announcing the launch of Sky 1 which combines with our new Sky Arts channel,
      Sky Atlantic and increased on demand content to create a compelling entertainment portfolio.

      Our focus on operating efficiency and effectively in all our markets has enabled us to further reduce our costs as a percentage of sales, providing more fuel to grow profits and to invest where it counts on screen and in our products and services.

      https://corporate.sky.com/documents/..._june_2016.pdf

      UK and Ireland

      In the UK and Ireland we have three clear priorities.
      The first is to maximise the returns on the significant product and content investments we have already made over the last twelve months; from Sky Q and NOW TV to our new channels and services - Sky Sports Mix, the Sky Kids app and Sky Cinema.
      Our second priority is to deliver strong revenue growth as we extend our transactional and advertising businesses.
      Our third priority is to successfully launch our brand into the mobile market in the UK, opening up a significant new source of revenue and profits.
      Alongside these priorities we will execute our comprehensive plans to step-change our cost management, effectively offsetting most of the increase in Premier League costs this year.

      It has been an outstanding year of product innovation for Sky in the UK and Ireland. From the launch of Sky Q to the ground-breaking NOW TV Combo – the UK’s first contract free triple play bundle - our product portfolio continues to evolve to meet the diverse needs of our different customer segments.
      We launched an innovative Sky Kids App as an important addition to the service we offer families, while the launch of Sky Cinema is our latest step in providing customers with world leading content whenever and however they choose to watch. Sky Cinema will offer a new movie premiere every single day of the week and our biggest ever library of blockbuster and classic movies is available on demand.
      Our transactional services are gaining real scale. We are now regularly the number 1 digital retailer for top movies titles, with over 3 million customers using Sky Store during the past 12 months. From today customers will be able to purchase complete series of box sets from Sky Store Buy & Keep, expanding this hugely popular service which has seen usage grow by over 80% year on year.
      We added 445,000 new customers across the year, including 93,000 in Q4. Total product growth was 2.3 million across the 12 months with 31,000 new TV products in Q4. In addition, we added a further 24,000 new broadband products in the quarter, taking our total broadband growth to 347,000 across the year. Within our base we now have more than 1 million broadband-only customers, who have a higher propensity to switch providers, in line with the industry norm.
      In addition, we continued to limit retention discounts, and we also communicated to customers a TV price rise in the order of 4-5%, which took effect from June. Together these factors contributed to an 11.2% churn rate in the UK and Ireland.
      Last edited by lettice; 28-07-16 at 10:44 AM.

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      Re: Sky Full Year to 30/06/2016 Financial results

      Sky yearly highlights;

      Sky Full Year to 30/06/2016 Financial results-sky-2016.jpg
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      Re: Sky Full Year to 30/06/2016 Financial results

      I was hoping they might announce something (anything) today about Sky Mobile - other than it being a priority to launch.

      Alas no!

      I maintain my view that Sky will be way too late to the quad play market when they finally arrive, and hope that the offering (when it comes) also won't be too dull.
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    17. #10
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      Re: Sky Full Year to 30/06/2016 Financial results

      Quote Originally Posted by speedyrite View Post
      I was hoping they might announce something (anything) today about Sky Mobile - other than it being a priority to launch.

      Alas no!

      I maintain my view that Sky will be way too late to the quad play market when they finally arrive, and hope that the offering (when it comes) also won't be too dull.
      Yes all we know is coming soon...

     

     
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