- Accelerating year-on-year revenue growth (4.2%), on track to deliver at least 4% in FY15
- Strongest growth ever in aggregate take-up of new products TV, mobile and fibre
- On-net churn reduced to lowest level in three years - 1.3%
- Corporate revenues up 8.0% year-on-year against strong prior year comparative
Q3 Financial Highlights
- Total revenue up 4.2% year-on-year to £449m (Q3 FY14: £431m1)
- On-net revenue up by 6.0% year-on-year to £334m (Q3 FY14: £315m1)
- Corporate revenue up by 8.0% to £94m (Q3 FY14: £87m)
- On-net ARPU up 2.6% to £27.05 (Q3 FY14: £26.371)
1 Prior year revenue adjusted to reflect exceptional item resulting from HMRC ruling on treatment of VAT
Q3 Operating Highlights
- 15,000 broadband; 50,000 mobile; 88,000 fibre and 115,000 TV net adds
- Strong response to launch of quad-play – over 11% share of SIM-only market in December
- New multi-year MVNO agreement with Telefonica UK to support quad-play growth
- Acquisition of Tesco broadband and blinkbox to accelerate development of TV proposition
- Commencement of fibre to the premise civil engineering work in York
Dido Harding, Chief Executive of TalkTalk commented:
"Today's results demonstrate the strong and growing demand for our value-for-money products, as we saw our strongest ever quarter of TV, mobile and fibre adds with our lowest ever reported churn.
We are excited about the future of quad-play. TalkTalk is ideally positioned to push home its strategic advantage in an industry undergoing major changes. Our customers recognise the significant savings they can make on all four products from TalkTalk. We have the largest unbundled network in the UK, a new long-term mobile access agreement, and one of the broadest ranges of film and TV content, all of which is underpinned by a pro-competition regulatory environment.
We remain confident in our plans for delivering sustainable growth and a more profitable business over the medium term, and remain on track to deliver our FY17 targets."