Sky makes strong start to financial year

Cornelia Mascio
Ottobre 13, 2017

The performance was driven by good customer demand for the company's products and services, with 160,000 new customers joining the company in the three month period, up 51pc on the same period previous year.

The European platform saw revenue gains across all of its operations, with the United Kingdom and Ireland up 4 percent to £2.2 billion ($2.9 billion), Italy up 2 percent to £605 million ($795 million) and Germany and Austria up 8 percent to £495 million ($651 million). Germany & Austria added 90,000 new customers, up 84%, while the UK & Ireland put on 70,000.

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.

"We've had a strong start to our new financial year with good revenue growth and excellent profit growth as investments we've made come through". "Against the backdrop of pressure on consumer spending and lower spend on United Kingdom television advertising, we were particularly pleased with our own EBITDA growth of 15 percent in our established business".

The pay TV operator said it continued to see good demand for its products and services, surpassing a milestone of 60 million overall "subscription products" - though it did not break out numbers for its various services, which include Now TV, Sky Mobile, and, as of last month, Sky Espana. Our investment on-screen to broaden our offering is delivering with viewing to Sky channels up 10% year on year. The original drama Riviera is Sky's highest-rated commission ever and Game of Thrones the most-watched series on Sky. The next generation product will launch in Italy before Christmas and in Germany and Austria in the first few months of 2018. The platform is upping its investment in Sky originals by 25 percent this year. "Customers have lots to look forward to as we continue to enhance our products and services in all territories". "We'll be showing four major dramas every single quarter, including the eagerly awaited premiere of our first German production, Babylon Berlin, on 13 October". 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.

Sky Q now has 1.6 million customers, an increase of 23 per cent since the fourth quarter. In the United Kingdom, customers are responding well to our entry into the mobile market whilst this quarter we have successfully entered two new territories with the launch of direct to consumer streaming services in Spain and Switzerland, further demonstrating our credentials as the leading provider of streaming services in Europe.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE