- BT Group (NYSE:BT) is 4.1% lower in premarket U.S. trading -- to five-year lows -- after posting Q2 earnings where troubles in its Global Services unit weighed on results, and the company signaled that reinvestment would take priority over any dividend raise.
- Earnings per ADR in dollar terms of $0.42 substantially missed an expected $1.24, and revenue of £5.95B missed an expected £6B.
- The company logged 279,000 mobile postpaid net adds, while losing a net 260,000 prepaid subs. That brings the base to 17.3M postpaid and 6.3M prepaid; postpaid churn was at 1.2%.
- Total broadband subs reached 20.5M from last year's 20.1M, with Openreach fiber net adds at 505,000 and retail fiber net adds at 179,000.
- TV net adds came to 7,000, to a base of 1.8M.
- Average revenue per user was £41 in BT Consumer, £26.8 in mobile postpaid and £4.8 in mobile prepaid.
- Earnings slides
- Press Release
- Now read: ANSYS up following Q3 beats, raised guidance
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