Sky Reports Revenue, Profit Gains

LONDON: BSkyB has reported a record financial performance for the year ended June 30, 2012, with revenues rising to £6.8 billion and operating profit increasing by 14 percent to £1.2 billion.

The platform’s customer base now stands at 10.6 million, an increase of 312,000 on last year, with a churn rate of 9.9 percent, down from 10.4 percent. ARPU rose to £548 from £538.

"We have delivered record financial results after another year of strong operational growth," said Jeremy Darroch, chief executive. "Our consistent approach of investing where it matters most to customers and improving efficiency behind the scenes is working extremely well. In what remains a tough economic environment, customers are choosing Sky over other providers. We’ve continued to add new households and existing customers are remaining loyal and taking more products from us. More than 9 million homes are now choosing to watch their TV through Sky+, we’re helping more customers to save money in home communications and innovative services like Sky Go are adding even more value to their subscription."

He continued, "Looking ahead, we will continue to deploy capital consistently to achieve our goals. We will invest sensibly in areas where customers see value—in getting better on screen and improving our products and services—and maintain a strong focus on operating efficiency and cost control to underpin our investments and deliver increasing returns for shareholders."