BT met forecasts with a 3 per cent rise in second-quarter revenues on good growth in broadband and networked IT services and said it was confident in its growth prospects. The BT Retail unit accounted for 37 per cent of net DSL broadband additions during the quarter, giving it a broadband customer base of over […]

Virgin Media added 13,000 new customers in the third quarter of the year, hailing a “significant turnaround” in its business. At the end of September it had an “on-net” customer base (the total number of subscribers to at least one of its cable services) of 4.8 million. Acting chief executive, Neil Berkett, said customer growth, […]

Satellite giant BSkyB won more new customers than anticipated in its first quarter but saw pre-tax profits fall to £121 million (E174m) in the three months to 30 September compared with £166 million last year. Revenue went up by 11 per cent on the comparable period to £1,185 million. The company said it had 939,000 […]

From David Del Valle in Madrid Third quarter results for Tele 5 has reaffirmed the Mediaset-controlled channel as the most profitable in Spain, both in audience ratings and in profits. The company made a net profit of E262.8 million until September, 14.6 per cent more than the same period last year. Total revenues rose 10.0 […]

Music download service Napster has reported a narrower quarterly loss as revenue increased from new mobile phone-based and existing personal computer-based services. The digital company said its fiscal second-quarter net loss was $5.1 million, compared with a year-earlier net loss of $9 million. Revenue grew 24 per cent to $31.6 million from $25.5 million a […]

IAC reported a 4.2 per cent drop in third-quarter net income amid higher costs as home-shopping channel HSN showed signs of a turnaround. IAC reported net income of $71.8 million, compared with $74.9 million, a year earlier. The latest quarter’s results included a $5.9 million gain related to the sale of Home Shopping Network Europe […]

Alcatel-Lucent has posted Q3 net losses of E258m on revenue down 7.8 per cent year-on-year at E4.35 billion. The group says the integration plan has seen 5,000 jobs cut in the year so far, with the company on track to achieve synergy-related pre-tax savings of E600m this year. It is to cut a further 4,000 […]

Sirius Satellite Radio reported a narrower third-quarter loss and recorded a 50 per cent increase in new subscribers ahead of its planned combination with larger rival XM Satellite Radio. Sirius reported a loss of $120.1 million (E83.2m) for the three months ended September 30, compared with a loss of $162.9 million in the year-ago period. […]

NDS has announced its results for the first quarter ended September 30, 2007. Revenue for first quarter was up 25 per cent to $204.9 million (E142m) and operating income for first quarter was up 31 per cent to $58.3 million Commenting, Dr. Abe Peled, Chairman and Chief Executive Officer of NDS said, “Our business has […]

Video search engine blinkx has reported positive financial results for the period ended 30 September 2007. Gross profit for the first half of 2008 was $2.2 million (E1.5m), with a gross margin of 74 per cent and daily searches have grown by 280 per cent. Suranga Chandratillake, founder and CEO of blinkx, said: “We are […]