Sky profits rise as pay TV giant shrugs off BT challenge

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Pay TV giant Sky shrugged off the increasing threat from rival BT as it notched up its best first quarter UK customer growth for four years&period;<&sol;p>&NewLine;<p>The group said it added 77&comma;000 customers in the three months to the end of September across the UK and Ireland&comma; up 50&percnt; on a year earlier&comma; while profits in the region leapt by a fifth to £358m &lpar;€486&period;42m&rpar;&comma; helped by cost cutting&period;<&sol;p>&NewLine;<p>Sky&comma; which serves more than 20m customers group-wide following the acquisition of businesses in Italy and Germany&comma; hailed a &OpenCurlyDoubleQuote;strong start to the year” as it posted a better-than-expected 10&percnt; leap in overall group earnings to £375m &lpar;€509&period;51m&rpar;&period;<&sol;p>&NewLine;<p>It comes despite the launch of BT’s Champions League coverage&comma; with the group seeking to lure customers away from Sky&period;<&sol;p>&NewLine;<p>Sky said&colon; &OpenCurlyDoubleQuote;In what was expected to be a tough trading period&comma; our investments in world class content and innovation delivered a good quarter of financial and operational growth&period;”<&sol;p>&NewLine;<p>Its rate of churn – which measures the number of customers quitting the group &&num;8211&semi; fell to 9&period;8&percnt; in the UK&comma; down from 10&period;9&percnt; a year earlier&comma; marking the lowest first quarter level for 11 years&period;<&sol;p>&NewLine;<p>The group said broadband was its star performer&comma; with a 77&percnt; surge in new customers&comma; up 133&comma;000 on a year earlier&period;<&sol;p>&NewLine;<p>Popular television series such as True Detective&comma; as well as box set offerings including Sons Of Anarchy&comma; Entourage and True Blood&comma; helped viewing figures rise 70&percnt; year-on-year for Sky Atlantic in the UK and Ireland&period;<&sol;p>&NewLine;<p>Sky Sports viewing rose 3&percnt;&comma; it added&period;<&sol;p>&NewLine;<p>Group performance was driven by the UK&comma; while earnings were held flat in Germany and Austria and tumbled by 24&percnt; in Italy&period;<&sol;p>&NewLine;<p>Sky struck a deal last November to buy Sky Italia and a majority interest in Sky Deutschland&comma; which saw it change its name from BSkyB to Sky&period;<&sol;p>&NewLine;<p>Shares in the group rose more than 2&percnt;&period;<&sol;p>&NewLine;<p>Analysts at Numis Securities said the results were &OpenCurlyDoubleQuote;encouraging”&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed2c59a9558">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68ed2c59a9558'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


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