You will be redirected back to your article in seconds

BSkyB announces promising results

Paybox stock price surges

LONDON — Better than expected subscriber figures drove a surge in the stock price of Europe’s leading pay box, BSkyB, Wednesday (May 2), as it reported results for the nine months to March.

In the first quarter of 2007, the Mudoch-controlled broadcaster added 340,000 new subscribers – a 25% increase – bringing the total number of BSkyB customers in the U.K. and Ireland to 8.49 million.

For the nine months to March sales increased 10% to £3.38 billion ($6.76) as profits slipped back from $890 million to $776 million.

Investors were also encouraged by strong take-up of broadband.This more than doubled to 553,000 customers.

Churn, however, increased to 13.7% between January to March, up from 11.9% in the last three months of 2006.

Said BSkyB CEO James Murdoch: “Our investments in customer service, value and quality are driving more customers to choose more services from Sky than ever before.”

But long term clouds remain on the horizon for BSkyB, increasingly facing regulatory scrutiny in Bighty and also involved in a protracted dispute with cable rival Virgin Media.

Sky has pulled channels from Virgin following a row over carriage fees, now the subject of a court case.

The pay box said that its operating profits for the full year could fall by up to $40 million unless its channels are reinstalled on the Virgin platform.

Last Friday fears were expressed by U.K. regulators that BSkyB’s recent purchase of a 17.9% stake in ITV, Blighty’s biggest private terrestrial web, could be contrary to the public interest.

More TV

  • Dave ChappelleDave Chappelle in concert, Radio

    Will Smith, LeBron James, Jon Stewart Join Dave Chappelle for All-Star Standup Show

    LONDON — Better than expected subscriber figures drove a surge in the stock price of Europe’s leading pay box, BSkyB, Wednesday (May 2), as it reported results for the nine months to March. In the first quarter of 2007, the Mudoch-controlled broadcaster added 340,000 new subscribers – a 25% increase – bringing the total number […]

  • Sky Takeover: Auction Set for Comcast,

    Sky Takeover: Comcast, Fox to Duke It Out in Weekend Auction

    LONDON — Better than expected subscriber figures drove a surge in the stock price of Europe’s leading pay box, BSkyB, Wednesday (May 2), as it reported results for the nine months to March. In the first quarter of 2007, the Mudoch-controlled broadcaster added 340,000 new subscribers – a 25% increase – bringing the total number […]

  • Jodie Whittaker Portrait

    Jodie Whittaker on Taking Over 'Doctor Who' and Why She Knows She's Getting Equal Pay

    LONDON — Better than expected subscriber figures drove a surge in the stock price of Europe’s leading pay box, BSkyB, Wednesday (May 2), as it reported results for the nine months to March. In the first quarter of 2007, the Mudoch-controlled broadcaster added 340,000 new subscribers – a 25% increase – bringing the total number […]

  • 'AHS: Apocalypse' Recap: The Rubber Man

    'American Horror Story' Recap: The Rubber Man Returns in 'The Morning After'

    LONDON — Better than expected subscriber figures drove a surge in the stock price of Europe’s leading pay box, BSkyB, Wednesday (May 2), as it reported results for the nine months to March. In the first quarter of 2007, the Mudoch-controlled broadcaster added 340,000 new subscribers – a 25% increase – bringing the total number […]

  • Julie Chen hosts Big Brother. BIG

    Julie Chen Continues to Use Married Name on 'Big Brother' After 'The Talk' Exit

    LONDON — Better than expected subscriber figures drove a surge in the stock price of Europe’s leading pay box, BSkyB, Wednesday (May 2), as it reported results for the nine months to March. In the first quarter of 2007, the Mudoch-controlled broadcaster added 340,000 new subscribers – a 25% increase – bringing the total number […]

  • Josh Meyers'Nasty Baby' film premiere, Los

    Josh Meyers to Star in Homeowner Association Comedy in Development at NBC

    LONDON — Better than expected subscriber figures drove a surge in the stock price of Europe’s leading pay box, BSkyB, Wednesday (May 2), as it reported results for the nine months to March. In the first quarter of 2007, the Mudoch-controlled broadcaster added 340,000 new subscribers – a 25% increase – bringing the total number […]

More From Our Brands

Access exclusive content