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Still headroom for growth - Sky Q3 2012 results - Venture Insights

Report Overview

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Still headroom for growth – Sky Q3 2012 results

PublisherEnders Analysis.
Publish Date May 3, 2012
Sector Fixed Line (Internet and Voice), Pay TV.
Company News Corp, Sky Group.

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The weak spot of 15,000 net TV additions in a positive quarter for operating profit growth reflects the continuing downward pressures of a struggling economy, with little indication of headwinds to do with connected TV Very strong growth in home communications in a weak quarter for TV net additions underline Sky’s competitive strengths in a market now close to maturity, as well as bringing revenue growth and churn reduction benefits Overshadowing Sky’s Q3 results, Ofcom’s investigation into the fit and proper status of News Corp’s shareholding in BSkyB is unlikely to affect the company in 2012.