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Sky’s Revenue Hits £4.9bn

Sky’s Revenue Hits £4.9bn

BSkyB’s group revenue for the year ending June 30 was up 9% year on year to £4.9 billion.

Group operating profit was £752 million, in line with analyst expectations.

Quarterly annualised churn fell by more than two percentage points year on year to 9.8%.

The company added 92,000 net new customers in the three months to the end of June, taking its total base to 8.98 million.

The fourth quarter saw the company add 200,000 net broadband subscribers, taking its total subscriber figure to 1.62 million.

It also added 321,000 Sky+ customers in the fourth quarter, as well as 33,000 Sky+ High Definition customers.

Jeremy Darroch, chief executive, said: “We have continued to grow strongly in a more difficult consumer environment. More customers are choosing Sky for a broader range of products and are staying with us for longer.

“While there is much uncertainty around the consumer environment, there remains good headroom for profitable growth in our core sectors. We are well equipped to meet customers’ demands for quality, choice and value; and we have a strong financial model to deliver growth and returns.”

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