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Sky still climbing, but going getting tougher - Venture Insights

Report Overview

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Sky still climbing, but going getting tougher

PublisherEnders Analysis.
Publish Date October 20, 2011
Sector Fixed Line (Internet and Voice), Pay TV.
Company BT, Sky Group, Virgin Media.

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Sky’s Q1 2012 produced strong 16% year-on-year headline growth in adjusted operating profits, although weakening TV product net additions underlined the challenging economic conditions

Churn remains comparatively low in spite of the economic conditions, while Sky’s current round of major investment in entertainment content, now showing the first signs of bearing fruit, could prove vital to holding churn down and stimulating gross additions

Growth in home communications dropped back compared to the level seen the previous autumn, but was still well above that seen in 2009/10 thanks to strong growth in standalone sales