BSkyB (Sky Broadband) has released its latest quarterly results to the end of September 2008 today. The groups Sky Broadband service reported a slower quarterly net growth of 164,000 broadband subscribers to make a total of 1.792 million. This compares with a growth of 200,000 during Q2 and 229,000 in Q1 of 2008:
Jeremy Darroch, Chief Executive, said: 'This is a good set of results in a challenging environment. We've continued to perform well by focusing on quality, value and service. Over nine million customers now enjoy the best in entertainment through Sky and, in tougher times, we're helping more people to save money on broadband and telephony as well.
Our financial performance is strong, with a 21% increase in operating profit. Looking ahead, the consumer environment will remain challenging and we are well positioned to manage the business accordingly. Our products are better than ever, we are strong financially and we have a great team of people.'
Sky estimates that roughly one in five customers (20%) now take the operators broadband product, while 15% (1.361m) also use their Sky Talk service, which itself saw a quarterly growth of 120,000.
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