Glossary of terms

 

TermDescription
Adjusted earnings per share (EPS)Adjusted profit for the period divided by the weighted average number of ordinary shares during the period.
Adjusted operating profit and marginOperating profit excluding exceptional items. Adjusted operating margin is stated as a percentage of adjusted revenue.
Adjusted profit for the periodProfit for the period adjusted to remove remeasurement of all derivative financial instruments (not qualifying for hedge accounting), exceptional items and related tax effects.
ARPUAverage Revenue Per User: the amount spent by the Group's residential subscribers in the quarter, divided by the average number of residential subscribers in the quarter, annualised.
ChurnThe number of DTH customers over a given period that terminate their subscription in its entirety, net of former customers who reinstated their subscription in that period (where such reinstatement is within a 12 month period of the termination of their original subscription), expressed as an annualised percentage of total average subscribers for the period.
Customer A subscriber to a DTH service.
DTHDirect-to-home: the transmission of satellite services with a reception through a mini-dish.
EBITDAEarnings before joint ventures, interest, taxation, depreciation and amortisation is calculated as operating profit before depreciation and amortisation or impairment of goodwill and intangible assets.
Free cash flowThe amount of cash generated by Sky after meeting obligations for interest and tax, after all capital expenditure and net cash flows relating to joint ventures and associates.
Gross marginRevenue less programming expenses and variable network costs as a proportion of revenue.
Gross profit Revenue less programming expenses and variable network costs.
HDHigh Definition.
MultiroomInstallation of one or more additional set-top-boxes in the household of an existing DTH customer.
Net debtNet debt is defined as borrowings, net of cash and cash-equivalents, short-term deposits and borrowings related financial instruments.
ProductAny service chosen by a Sky customer.  These include DTH, Sky+, Multiroom, Sky+ HD, Sky Broadband and Sky Talk.
Sky Broadband and TalkResidential Sky Broadband and Sky Talk customers. UK Online customers are excluded from quoted subscriber figures.
Sky+Sky's fully-integrated Personal Video Recorder (PVR) and satellite decoder. This includes Sky+HD decoders.
 Viewing shareNumber of people viewing a channel as a percentage of total viewing audience.

Our engineers make around 80,000 home visits a week.