STEVE LIECHTI | INVESTEC
First quarter figures are good, with better profit growth than we expected and confident overall trading comment. We remain neutral/mildly negative given competitive pressures in UK pay TV and some uncertainty over how the new Sky Europe plays out, particularly in Italy.
PAUL RICHARDS | NUMIS
The operational highlight was the rapid payback on recent new product development investment, with Sky Store revenues doubling, Now TV Sports transactions trebling and AdSmart revenues up 48 per cent. Of note, the group now has 6m connected Sky+HD boxes, nearly double last year.
ALLAN NICHOLS | MORNINGSTAR
We expect continued growth going forward as BSkyB successfully implemented a further price increase in September that was only partially picked up. We continue to be impressed with the firm’s ability to grow its various customer bases, particularly broadband, despite BT offering free sports.