Sports rights help boost BT's earnings


BT's (BT) FQ4 pretax profit increased to £747M ($1.27B) from £639M a year earlier.

Revenue dropped 1% to £4.75B.

BT expects adjusted EBITDA to rise to £6.2-6.3B in FQ 2015 from £6.12B last FY.

BT Sport, which has paid huge sums for English and European soccer rights, "proved very popular" in FQ4, and is in 5M homes. "For BT Consumer, it underpinned a record 9% growth in revenue," BT said.

Shares are +3.2% in London. (PR)

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs