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    Results for the nine months ended 31 March 2007

    This is a discussion on Results for the nine months ended 31 March 2007 within the Sky news and announcements forums, part of the SkyUser Announcements category; Customer response to 'See, Speak, Surf' and Sky+ drives record product sales in the third quarter More customers are choosing ...

    1. #1
      NewsreadeR's Avatar
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      Results for the nine months ended 31 March 2007

      Customer response to 'See, Speak, Surf' and Sky+ drives record product sales in the third quarter

      More customers are choosing more of Sky's products than ever before

      . New customer additions of 340,000 in the third quarter, up 25% year-on-year

      . Net customer growth of 51,000, up 28% year-on-year to 8.492 million

      . Third quarter growth in Sky+ households of 199,000, up 34% year-on-year to 2.167 million, 25% penetration target exceeded three years ahead of plan

      . HD subscribers of 244,000 within 10 months, third quarter growth of 60,000

      . Sky Broadband customers more than double to 553,000 with gross bookings of
      669,000 by 29 April 2007(1)

      . Sky Talk customers increase by 83% to 408,000(1)

      . 974 exchanges unbundled, 61% coverage of the U.K.(1)

      Strong top-line growth and accelerating underlying operating profit growth

      . Revenue increased by 10% to 3,376 million, including 41 million from residential broadband and 117 million from Easynet Enterprise

      . Adjusted gross margin excluding residential broadband and Easynet Enterprise of 62% up from 60% in the comparable period(2)

      . EBITDA of 750 million (2006: 756 million) including a net exceptional gain
      of 56 million

      . Operating profit of 613 million including losses of 137 million in residential broadband and Easynet Enterprise and a net exceptional gain of 56 million

      . Underlying operating profit up by 4% to 694 million (excluding residential broadband, Easynet Enterprise and exceptional items), an increase of 8% year-on-year in the third quarter

      . Basic EPS of 22.1p (2006: 23.2p) and adjusted EPS of 19.5p (2006: 23.3p)(3)

      James Murdoch, Chief Executive said:

      'Customer response to our 'See, Speak, Surf' campaign has been very encouraging.
      Total sales of our TV, broadband and telephony products surpassed one million for the second consecutive quarter and now exceed three million in the year to date, an increase of more than 50% on the prior year and almost double that of two years ago.

      'In just eight months, Sky Broadband has passed the milestone of 500,000 customers who are enjoying fast speeds, wireless access and significant savings. Our network now reaches over 60% of U.K. homes and we are on track for our goal of more than 700,000 broadband customers by the end of June.

      'Our investments in customer service, value and quality are driving more customers to choose more services from Sky than ever before.

      'Changes to our retention and acquisition strategy are delivering valuable benefits to the quality and profitability of our business. We are delivering on our multi-product strategy and customers are responding in record numbers.'

      BSkyB - Corporate - Press Release
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    3. #2
      newskyBOd's Avatar
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      Re: Results for the nine months ended 31 March 2007

      wow global domination on the horizon

      but serious what alternative do people have these days for im thinking more tv side


      and now their broadband customer database is growing huge

    4. #3
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      Re: Results for the nine months ended 31 March 2007

      And well on the way to the 10m subscriptions promised to shareholders by 2010

    5. #4
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      Re: Results for the nine months ended 31 March 2007

      found this on webuser website quote

      However, Sky admits that at least 7 per cent of its new broadband customers - about 2,000 people - have to wait more than 15 days before they can start enjoying the service.

      Steve Weller at price comparison service uSwitch said: "In addition to maintaining its marketing might in the battle against Virgin Media, it appears that there are some internal problems that Sky needs to address."

      "Sky claims that 90 per cent of new broadband customers are connected within 15 days, yet with 20,000 new broadband connections every week this leaves two thousand customers having to wait more than 15 days for their service."

      But a Sky spokeswoman said: Sky connected a broadband customer every 30 seconds in the last quarter and our average connection times are among the best in the industry."

      "Unlike some other providers, we're hooking customers up to our own network straight away so they can benefit from faster downloads and lower prices. We're never complacent and we'll always work to make the switching process as quick and efficient as possible.

      wonder what the people on connect think they sometimes wait ages for a transfer from connect to skys bb

      Sky toasts broadband uptake - Web User News
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