Sky revenues rise 5% in 9-mths, profits lower

Thursday 20 April 2017 | 09:25 CET | News

Pay-TV provider Sky said revenues for the nine months to end March advanced 5 percent from the year earlier at constant currency to GBP 9.641 billion, pushed by all regions but especially Germany & Austria (+10%) and Italy (+7%). Revenues from the UK & Ireland lifted 4 percent. Group operating profit fell 11 percent to GBP 1.013 billion, including GBP 494 million in Premier League costs, while EBITDA slipped 6 percent to GBP 1.525 billion.

Sky had 22.423 million retail customers at the end of March, up by 769,000 year-on-year and 106,000 in the last quarter alone. Sky added 363,000 retail customers in Germany and Austria, 338,000 in the UK & Ireland and 68,000 in Italy over the past year. Sky said it increased its reach by 4 percent and is now regularly reaching over 100 million viewers across Europe.

CEO Jeremey Darroch called the third quarter a strong one, despite this being a seasonally quiet period. He said that the company, which is in the process of being taken over by  21st Century Fox, is on track for the full year.

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Categories: Broadcast & Satellite / Internet
Companies: Sky
Countries: Austria / Germany / Ireland / Italy / United Kingdom
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