gameboy
Ding Dang Doo
- Joined
- Jan 31, 2004
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- 67
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- www.gamezplay.org
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Shares in pay-TV firm BSkyB fell 4.4 percent on Friday to £5.04p after the market reacted negatively to subscriber numbers.
The company said it added 57,000 net subscribers in the first quarter, below analyst expectations, as a higher percentage of customers left the service following a price increase.
Pre-tax profit rose 13.6 percent to 200 million pounds, and revenue climbed 8 percent to 1.023 billion pounds.
Churn, or the percentage of customers who left the service, rose to 11.7 percent, up from 10.5 percent in the previous quarter.
Analysts on average expected Sky to add 67,900 subscribers, according to a poll of 10 brokerages by Reuters, and churn of 10.7 percent.
Chief Executive James Murdoch said the company is on track to meet its targets of 8 million subscribers by the end of 2005 and 10 million by the end of 2010.
It currently has 7.8 million subscribers.
Source: Reuters
The company said it added 57,000 net subscribers in the first quarter, below analyst expectations, as a higher percentage of customers left the service following a price increase.
Pre-tax profit rose 13.6 percent to 200 million pounds, and revenue climbed 8 percent to 1.023 billion pounds.
Churn, or the percentage of customers who left the service, rose to 11.7 percent, up from 10.5 percent in the previous quarter.
Analysts on average expected Sky to add 67,900 subscribers, according to a poll of 10 brokerages by Reuters, and churn of 10.7 percent.
Chief Executive James Murdoch said the company is on track to meet its targets of 8 million subscribers by the end of 2005 and 10 million by the end of 2010.
It currently has 7.8 million subscribers.
Source: Reuters