BSkyB has announced subscriber growth of 432,000 in the second quarter, the highest figure in six years. An additional 183,000 net new customers were added bringing total DTH subscriber numbers to 8.441 million.
There was also record growth for the Sky+ Digital Video Recorder product, rising to 2.13 million, in 1.97 million households. When the Sky+ box was first introduced Sky was also promoting its Multiroom concept, moving the original Sky Digibox to a second TV set, and charging the customer an additional £10 per month along the way. The same process is now beginning with the Sky HD product.
High definition subscribers almost doubled on the quarter to 184,000.
The number that will come under the closest City scrutiny is that of Sky Broadband. As of January 28, 2007 – almost a month later than the rest of the figures – there were gross bookings of 343,000 and 259,000 activated customers. BSkyB says that the rollout of its broadband network is running ahead of schedule. 771 exchanges have now been unbundled, representing 50% of the UK.
Revenue increased by 10% to £2,220 million. BSkyB reported EBITDA of £486 million including £66 million in losses for Sky Broadband.
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