Visit our new website: worldnews.easybranches.com

Sky shows growth in profits and audiences

  • Thu, 12 Oct 2017 14:45

Over 160,000 new customers signed for Sky in its first financial quarter, an increase of 51%.

As the Competition and Markets Authority investigation into the £11.7 billion takeover gets underway revenues increased by 5 per cent to £3.3 billion and EBITDA by 11 per cent to £582 million. EBITDA grew 15 per cent when investment in mobile and Sky Spain is stripped out.

Jeremy Darroch, Group Chief Executive, said: “Against the backdrop of pressure on consumer spending and lower spend on UK television advertising, we were particularly pleased with our own EBITDA growth of 15% in our Established Business. We continue to see good demand for our products and services with 51% more new customers joining Sky than a year ago; we surpassed the milestone of 60 million subscription products; and pay-as-you-go sports and entertainment buys grew by 12% to 9.6 million.”

Customer growth in all markets was helped by a strong campaign for the seventh season of Game of Thrones. Germany & Austria added 90,000 new customers, up 84%, while the UK & Ireland put on 70,000. In Italy, the customer base remained flat. On the positive side Italian churn is relatively low and there are 2 million members of the local loyalty scheme.

Paolo Pescatore, VP, Multiplay and Media, CCS Insight described a good set of results for the company: “The quarter underlines the importance of cross selling services such as mobile in the UK which performed well. Increasing loyalty among subscribers is a clear strategic priority with the rollout of Sky VIP; strong start with more than a million users having signed up. Subscriber growth is becoming harder to achieve in the UK so we expect Sky to place more focus on its European operations and enter new markets.”

Sky Q now has 1.6 million customers, an increase of 23 per cent since the fourth quarter. The next generation product will launch in Italy before Christmas and in Germany and Austria in the first few months of 2018.

UK & Ireland revenues increased by 4% and EBITDA was up 11% to £452 million, helped by strong growth in pay-as-you-go revenues.

Broadband TV News

Tags


Save big on top tech magazines.

Related Stories

South Park slams Facebook for selling fake news
  • Sat, 14 Oct 2017 09:46

 “I make money from Facebook for my fake content in order to pay Facebook to promote my fake stories,” said Professor Chaos in one of...

Trump says he met the 'president of the Virgin Islands' ... which is him
  • Sat, 14 Oct 2017 04:45

President Donald Trump has a way with words, as you may know.  Trump was speaking at Values Voter Summit on Friday when once again, he embarrasse...

Major change for Russian pay-TV
  • Fri, 13 Oct 2017 22:42

The Russian pay-TV market is now growing at its slowest rate in five years. What is more, reports Kommersant, a new business model is emerging, with o...

Facebook’s ‘Order Food’ feature officially launches across the U.S.
  • Fri, 13 Oct 2017 20:44

 Facebook today formally announced its new feature that allows users to order food from local restaurants using its app. Instead of competing dir...

Samsung Expects Another Quarter of Record Profits; CEO to Resign
  • Fri, 13 Oct 2017 18:09

Samsung Electronics, continuing to see roaring demand for its components, is forecasting third-quarter profits will be the company’s highest ever. C...

Facebook’s ad targeting tools could be a valuable supplement to census data
  • Fri, 13 Oct 2017 14:58

 Official census forms are an invaluable source for demographic data throughout the country, but for trends that occur on the scale of weeks or m...

Canada aligning with U.K. to fight global growth in coal-fired electricity
  • Fri, 13 Oct 2017 04:30

Minister of Environment and Climate Change Catherine McKenna makes her way to speak with media at the United Nations Headquarters in New York City on ...

This Kickstarter project is like a thermostat for your body
  • Fri, 13 Oct 2017 02:40

Just to let you know, if you buy something featured here, Mashable might earn an affiliate commission. Finding the right outfit to be comfortable temp...

Facebook Stories open to Pages, bringing brands to the ghost town
  • Fri, 13 Oct 2017 00:46

 No one’s posting to Facebook Stories. Only eight of my 2,800 friends have Stories up right now, and three came from the new “cross-p...

CPEC Shows China Is Serious About Investing in Pakistan
  • Fri, 13 Oct 2017 00:31

China is serious about delivering economic development and foreign aid to Pakistan. U.S. News - Opinion

Clean Growth Plan could see stamp duty incentive for homeowners
  • Thu, 12 Oct 2017 23:33

The changes are part of the Clean Growth Plan to reduce the UK's greenhouse emissions. BBC News - UK Politics

Sandberg says Facebook allows fake news ads from legit accounts
  • Thu, 12 Oct 2017 22:39

 If the Russian-bought election interference ads hadn’t been bought by fraudulent accounts, “Most of them would be allowed to runR...


News Categories
Latest Stories