BSkyB (NYSE: BSY) released third quarter results today, showing that the pay TV group had a nine-month adjusted operating profit of £521 million with revenues up 10 percent at £3.71 billion. The company said it was “on track” to reach its goal of 10 million subscribers by 2010. Indeed, net customer growth was up 10 percent on last year, with the company adding 56,000 net new customers in the quarter to bring its subscriber base to 8.888 million. It also reported churn at 10.5 percent—the lowest third quarter churn for four years. Average revenue per customer was up four percent year on year, climbing to £424. BSkyB’s profits took a sizable hit, however, after the pay TV provider wrote down another £131 million pounds of its investment in ITV (LSE: ITV), whose value has dropped 24 percent this year. Pre-tax profit fell from £200 million to £56 million, with the company recording a loss after tax of £6 million.

The company’s broadband division added 229,000 net new customers, bringing its total broadband subscriber base to 1.43 million customers. There has been speculation that BSkyB may buy Italian internet provier Tiscali to boost its broadband base. Bloomberg reports that CEO Jeremy Darroch said in a conference call that the group had not entered into negotiations with Tiscali, though he added, “I’m sure we will take a look at it.” (Earnings Release).