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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)
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