BSkyB record results expected
January 24, 2011
By Chris Forrester
BSkyB releases its latest set of results on January 27th and analysts are forecasting further growth of some 150,000 net new customers. Numis Securities’ Paul Richards expects the pay-TV broadcaster to have moved well beyond the 10m subscriber mark achieved last November, and with HDTV now performing strongly for the company Numis expects pre-tax profits of £455 million (€534m), and a 27 per cent improvement on the same period last year.
In particular Richards said: Sky’s “investment in HD and broadband having peaked, returns are accelerating markedly” and with “robust operational performance” helping drive profit growth.
Moreover, both Richards and Sam Hart, an analyst at Charles Stanley, are optimistic that the News Corp bid for the 60 per cent of BskyB that it doesn’t already own will eventually go through but not before the UK’s Competition Commissioner has investigated the bid.