British broadcaster and telecoms provider BSkyB has released a financial update detailing its performance in the nine months to 31 March 2012, with it recording an 18.5% increase in net profit compared to the same period a year earlier. For the nine-month stretch BSkyB posted a net income of GBP689 million (USD1.1 billion), up from GBP581 million a year earlier, while total revenues for the period rose by 5% year-on-year to GBP5.08 billion, with the company noting it had recorded good growth in both retail and wholesale sectors. Retail subscription revenue, it revealed, was up 4% compared to 9M 2010-11 at GBP4.17 billion, in part due to an enlarged customer base.
In particular BSkyB noted that it had continued to witness strong demand for home communications services, with it claiming a record for quarterly product additions; in the three months between end-December 2011 and end-March 2012 the operator said that it had added 702,000 net new products, which it said included 212,000 broadband accesses, 220,000 fixed voice telephony customers and 270,000 fixed voice line rental connections.
At the end of March 2012, meanwhile, BSkyB’s broadband subscriber base had risen to 3.862 million, up from 3.161 million a year earlier, while fixed voice line rental and telephony customers stood at 3.376 million and 3.627 million respectively (up from 2.444 million and 2.916 million). Further, the telco noted that the number of triple-play subscribers on its books had risen to 3.2 million, up 24% compared to end-March 2011, while adding that triple-play penetration had reached 31%.