Revenues were down at BT in the three months to September, despite continued growth in the operator’s consumer broadband and TV business.
Group sales fell two percent year-on-year to £4.4 billion (€5.6 billion), which BT blamed on a £77 million (€9.8 billion) negative impact from foreign exchange movements and a £36 million (€4.6 billion) reduction in transit revenue.
However, profits for the period rose by 13 percent following solid performance in BT’s Consumer business.
Revenues in the segment were up seven percent to £1 billion (€1.2 billion) after broadband and TV sales grew 17 percent to £382 million (€485 million).
The UK-based company added 38,000 TV subscribers in the quarter to bring the total to just over one million, a nine percent increase on 2013.
The number of fibre customers grew by 203,000 to take the customer base over the 2.5 million barrier.
Consumer ARPU continued to increase, growing by seven percent.
However, all of BT’s other major business units saw sales decline.
Global Services recorded a five percent fall in revenues to £1.6 billion (€2 billion), which BT blamed on a £71 million (€90 million) negative impact from foreign exchange activity.
Its SME unit saw revenue fall one percent to £789 million (€1 billion) following an eight percent fall in the number of business lines.
BT Wholesale saw sales fall 16 percent to £549 million (€697 million).
BT Chief Executive Gavin Patterson said: “This was a solid quarter, with results slightly ahead of market expectations as we reduced costs and grew EBITDA.
“Our Consumer business continues to perform well thanks to the impact of BT Sport where Premier League audiences are up around 45 percent on average. Fibre is also driving growth with one in three of our retail broadband customers enjoying super-fast speeds.
“Our fibre footprint has increased to more than 21 million premises and will continue to grow. We continue to see strong demand across the market for the faster speeds that fibre offers. We are delivering on our strategy and our outlook remains unchanged.”