| CATEGORY: NEWS AND ANNOUNCEMENTS SECTOR: MEDIA |
BSkyB revenues rise, 77,000 new subscribers |
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Fri 28 Jul 2006
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LONDON (SHARECAST) - Pay-tv satellite broadcaster BSkyB posted a rise in year-end revenues and added 77,000 new satellite subscribers in the fourth quarter.
For the year June, revenue increased by 8% to £4.1bn with pre-tax profits rising marginally to £798m from £787m previously.
The group said 77,000 customers signed up in the final quarter, ahead of expectations, taking the year total to 389,000. Overall number of direct-to-home (DTH) digital satellite subscribers in the UK and Ireland is now 8.17m.
DTH revenues increased by 6% to £3.1m, though wholesale revenues continue to disappoint, growing only 2% for the second consecutive year to £224m.
The group said it largely reflects the decline in the absolute number of Pay-TV cable customers taking one or more premium channels offset by changes to wholesale prices.
Advertising revenue was down in the final quarter, due to the World Cup and the general poor conditions in the wider TV market, though full-year ad revenues rose 4%.
The group said the first phase of investments in its new broadband strategy was £12m, following the acquisition of Easynet Group.
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