BSkyB sees record sales of home communications offering as it reports 5% revenue growth during start of 2012
Satellite broadcaster BSkyB has revealed a record quarter for home communications sales as it reports revenue growth of 5% in its unaudited three-quarter report, reaching £5,078m.
The company has announced the growth in revenue, up from £4,833m on March 2011, while also seeing a growth in operating profit of 15% to £908m.
This has seen the company’s total quarterly net product growth reach 27.7m, with 904,000 new customers signing up in the last three months, with a customer reach of 10.55m.
BSkyB has also said that the first quarter of 2012 was its strongest ever for home communications, with 702,000 new sales of its net broadband, telephony and line rental product.
Jeremy Darroch, chief executive of BSkyB commented:"We have made a good start to 2012. In what remains a tough economic environment, strong and consistent execution of our plan has delivered good growth across our product range. We have grown revenues by 5% while holding prices flat for customers and delivered a record nine-month operating profit of £908 million alongside 24% growth in earnings per share. The decision to focus our marketing on home communications has paid off with our fastest quarter of growth since launch and confirmation that Sky is now Britain's favourite triple play provider.
"More households are choosing Sky and taking more products from us because we're constantly looking to improve the quality and value that we offer. Already in 2012, we've launched an entirely new channel dedicated to Formula 1, given millions of households access to a huge choice of on demand TV and made our market-leading broadband service even better with the launch of our fibre products and free out-of-home WiFi. Looking ahead, we will continue to improve our service for all Sky customers as we believe this is the best way to build a larger business and continue to increase returns for shareholders," added Darroch.