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BT Q1 2014/15 results: Solid Q1, but battles to come - Venture Insights

Report Overview

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BT Q1 2014/15 results: Solid Q1, but battles to come

PublisherEnders Analysis.
Publish Date August 4, 2014
Sector Fixed Line (Internet and Voice), Sports.
Company BT.

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BT had a solid Q1, with Group revenue growth still positive but slightly slowed by weakness in managed services and Global Services, and EBITDA flat in the last quarter before BT Sport costs fully annualise out.

The consumer side had strong revenue growth, with accelerating volume growth and solid ARPU, although net subscriber additions were relatively subdued in a quarter that was seasonally quiet.

The next quarter will likely be a noisier one, with promotions ramping up as the new football season launches, and both BT and Sky positioning themselves ahead of the next Premier League auction.