Report Overview

BT: Resilient, with improving prospects


Improving prospects for next year…and beyond

Revenue and EBITDA resilient in a tough quarter

Broadband volumes and pricing steady

Consumer fixed revenue growth surprisingly strong

Mobile remains subdued, partly due to accounting

Openreach: FTTP set to accelerate

High confidence in 2022/23 guidance

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Tables and Figures

Figure 1: BT Group revenue and EBITDA growth

Figure 2: Revenue growth

Figure 3: BT Group revenue and EBITDA growth

Figure 4: Year-on-year absolute change in EBITDA (£m)

Figure 5: Broadband net adds (000)

Figure 6: Consumer broadband monthly churn

Figure 7: Broadband entry level dual-play pricing, new customers (£/month)

Figure 8: Broadband high speed pricing, new customers (£/month)

Figure 9: BT Consumer fixed operating performance

Figure 10: BT Consumer ultrafast (>100Mbps) adoption where available

Figure 11: BT’s retail mobile operating performance

Figure 12: UK contract net additions (000)

Figure 13: UK mobile service revenue growth by operator

Figure 14: Openreach revenue growth

Figure 15: Openreach ultrafast coverage premises net adds (000)

Figure 16: Openreach FTTP net adds (000)

Figure 17: Openreach full fibre adoption where available

Figure 18: BT Group guidance and results