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British Sky Broadcasting (BSkyB), or known better as simply Sky, has reported full year earnings for the last 12 months revealing that the broadcaster made great strides in growing on-demand and mobile viewing figures.
Overall, revenue for the year was at £7.2 billion, an increase of 7 percent in comparison with the previous 12 months and operating profit was at £1.29 billion, an increase of 4 percent year-on-year (YoY).
Notably, Sky said that much of its growth had come from its on-demand viewing options and its Sky GO mobile TV service.
Overall viewing figures for on-demand content had increased by five times the level it was at this time last year and now delivers more than 6 million on demand streams per week.
“Over 2.7 million Sky customers, more than a quarter of total customers, have already connected their Sky+HD boxes to broadband, a rise of 170 percent on last year. This gives them access to the UK’s biggest Catch Up TV service alongside hundreds of hours of popular TV box sets and an extensive library of exclusive movies,” Sky said in a statement.
The company also said the growth of Sky GO had helped the overall perfomance during the period. For example, of the 3.3 million regular Sky GO users, the company has converted 166,000 of them to Sky Go Extra customers – which allows users to view content on mobile and tablet devices with or without an active connection.
As part of its push to increase the number of people using its streaming services, Sky has been gradually introducing new providers and programming for its on demand content.
For example, it introduced Fox and Sky Movies Disney to the line-up, while a further 14 channels joined Sky Go including 8 kids channels (Disney, Disney XD, Disney Jnr, Nick, Nick Jnr, Cartoon Network, Cartoonito and Boomerang), 5 entertainment channels (SyFy, Universal, C&I and Star Plus) plus Channel 4 and More 4 and 4oD’s VOD (Video On Demand) content.
Particular hit shows for the broadcaster over the past 12 months have been Game of Thrones, Mad Men, The Sopranos and Hannibal, it said.
In order to keep up the pressure on rival providers, such as Virgin Media and BT’s Vision packages, as well as online streaming providers like Netflix and LOVEFiLM, Sky said it would introduce another 20 channels to its catch up service over the next 12 months.
To spur the number of people using its on demand services, Sky also introduced a new £10 NOW TV box that will allow people to access content on a pay-as-you-go basis.
The broadcaster has recently been in a bitter battle with BT to retain customers that are particularly interested in football and other sports broadcasting.
Earlier this year, BT won the rights to show 38 premier league football matches this season, and added an extra lure to win over existing Sky customers by offering its sports TV service for free to customers on its Infinity fiber broadband packages. Sky, naturally, responded with its own football-orientated offers, such as broadcasting the first day of the season for free to the whole of the UK, regardless of which TV service is used.
Featured Image Credit – AFP/Getty Images
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