Feeds

BSkyB delights City with record profits: Broadband subs pass 4 million

Pumps cash into Apple TV rival Roku

Build a business case: developing custom apps

BskyB went in the opposite direction to TalkTalk this morning as it passed the 4 million broadband subscriber barrier for the first time.

During the company's final quarter, ended 30 June, BSkyB added 138,000 new home broadband customers to its service, pushing its total user base on that network to 4,001,000.

BSkyB has added nearly 700,000 broadband punters to its subscriber list since the company's 2011 Q1.

Total revenue hit £6.8bn during the full year, up 4.5 per cent from £6.5bn year-on-year. Pre-tax profit climbed to £1.19bn from £1.01bn in 2011.

The pay-telly biz pulled in a record adjusted operating profit of £1.22bn for the year.

Earnings before interest, taxes, depreciation, amortisation and some items were up some 12 per cent to £1.57bn. Shares in the company jumped 2 per cent to 699 pence on the London Stock Exchange on Thursday.

The telco's boss Jeremy Darroch said:

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.

The pay-TV company, which is 39 per cent-owned by Rupert Murdoch's News Corp, said it would buy back £500m of shares.

It has also pumped $10m equity funds into television-streaming service Roku - a set-top-box system that rivals Apple TV.

News Corp has also invested in Roku, bringing the total amount of money raised by the Saratoga, California-based startup to $45m. It has previously had a cash injection from Netflix and others as well.

Roku is also expected to be compete with YouView, which TalkTalk launched today. ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.