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British Sky Broadcasting Group PLC
BSY.NISIN: US1110131083SEDOL: 2136301 |
Rating: SELL |
Target Price: 24.55 USD |
Investment Horizon: 6 to 12 months |
9M 09 News Alert
While British Sky Broadcasting Group PLC’s (BSkyB) revenues, adjusted1 EBITDA and adjusted operating income were in line with our estimate, adjusted net margin was lower than our estimate due to a higher-than-estimated tax rate and financial costs. Going forward we expect top-line to be driven by the Retail subscription segment in light of increasing demand for Sky+ and Broadband & Telephony products....
1H 09 Update Report
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In 1H 09, BSkyB maintained its robust subscriber growth-rate, with major growth coming from high ARPU yielding products. Sky+ customers now represent 50.3% of BSkyB’s total customer-base, while Sky HD commands 8.4% penetration of total customer-base. Recently the company has reduced the price of its HD set-top box to GBP49 compared to an average price of GBP150…
1H 09 News Alert
CLICK VIEW REPORT TO READ FREE REPORT
While British Sky Broadcasting Group PLC’s (BSkyB) revenues were in line with our estimate, margins were higher than our estimate due to lower than estimated operating expenses, as a percentage of revenues. Going forward we expect top-line to be driven by the Retail subscription segment in light of increasing demand for Sky+ and Broadband & Telephony products. Thus, in light of broadly higher than…
1Q 09 Update Report
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British Sky Broadcasting Group PLC (BSkyB) recorded robust growth in revenues in 1Q 09, broadly in-line with our estimate, driven by growth in the Retail Subscription segment supported by growth in revenues from the Others segment. In addition adjusted2 EBITDA margin increased y-o-y due to lower operating expenses in 1Q 09. Going forward, we expect revenues to be driven by increased subscriber-base and higher Retail Average Revenue…
1Q 09 News Alert
CLICK VIEW REPORT TO READ FREE REPORT
While British Sky Broadcasting Group PLC’s (BSkyB) revenues were in line with our estimate, margins were higher than our estimate due to lower than estimated operating expenses, as a percentage of revenues. Going forward we expect top-line to be driven by the Retail subscription segment in light of increasing demand for Sky+ and Broadband & Telephony products. Thus, in light of broadly higher than expected results and anticipated…
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