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Pay-TV Sky still blue: fiscal Q2 2009 results - Venture Insights

Report Overview

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Pay-TV Sky still blue: fiscal Q2 2009 results

PublisherEnders Analysis.
Publish Date January 29, 2009
Sector Fixed Line (Internet and Voice), Pay TV.
Company Sky Group.

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Strong Q2 results announced on Wednesday 28th January 2009 provided no evidence of negative impact so far due to the current recession.

Sky+ HD looks set to provide a major growth opportunity, especially with the Sky+ HD box prices now dropping to £49. That and another record quarter for Sky+ take-up strengthens the view that Sky will meet its target of 10 million pay-TV subscribers by the end of 2010 with room to spare.

Fixed line results again displayed relatively strong subscriber growth in an increasingly difficult market, but the operating loss excluding Easynet continued to deepen. Original standalone IRR guidance for fixed line looks unlikely to be met without further price increases.