×

Sky Revenues Hit $12.4 Billion in Nine Months to March

Sky saw revenues rise 11% year-on-year to £9.6 billion ($12.4 billion) for the nine months ending March 31, the broadcaster said Thursday. The result was $1.2 billion up on the same period the previous year.

Operating profits were £1 billion ($1.3 billion), down 11%. Sky’s group chief executive Jeremy Darroch said the company’s investment in Sky Q, the launch of Sky Mobile, and additional Premier League soccer costs of $633.7 million were behind the drop. Earnings before interest, tax, depreciation and amortization were £1.5 billion ($1.8 billion).

In individual Sky markets, the company posted revenues of $8.2 billion for the nine months to March 31 in the U.K. and Ireland, a rise of 4% year-on-year; $1.8 billion in Germany and Austria, a rise of 28%; and $2.4 billion in Italy, a rise of 25%. Darroch said he was particularly pleased with results in Italy, which had shown Sky’s fastest rate of growth for eight years and operating profits that were three times those of the previous year.

“It’s been another strong quarter for Sky, despite this being our seasonally quietest period,” said Darroch. “We continue to perform well, attracting another 106,000 customers across the group in the quarter, taking growth to 769,000 over the last 12 months.”

Darroch said the company was entering the final quarter of its fiscal year in good shape. “Despite the broader consumer environment remaining uncertain, we continue to deliver on our strategy and are on track for the full year.”

Sky’s customer base across its European markets now stands at 22.4 million.

More TV

  • WGA Agents Contract Tug of War

    Showrunners, Screenwriters Back WGA in Agency Battle, Sides to Meet Again Tuesday

    More than 750 showrunners and screenwriters have backed the WGA’s battle against talent agencies taking packaging fees and other changes to the rules governing the business relationship between agents and writers. The letter of support issued Saturday is significant because of the immense clout showrunners and prominent screenwriters possess in Hollywood. Several showrunners had recently [...]

  • Series Mania: De Mensen, Reel One

    Series Mania: First Details on Co-Pro Pitching Project 'Capturing Big Mouth' (EXCLUSIVE)

    LILLE, France — Belgian production company De Mensen, which has just been acquired by France’s Newen, has teamed with Reel One Entertainment on a new cross-continental thriller series, “Capturing Big Mouth. The series will be pitched Monday at this year’s Series Mania Forum Co-pro Pitching section. It chronicles the unlikely rise and eventual fall of [...]

  • Daily Show Viacom

    Viacom, DirecTV Make Progress in Contract Talks, No Blackout After Deadline Passes

    UPDATED: Viacom and DirecTV executives went down to the wire Friday on a combative contract renewal negotiation with high stakes for both sides. The companies stayed in talks past the midnight Eastern contract expiration and the channels stayed up on AT&T’s platforms. Sources indicated early Saturday that the threat of a blackout had been averted. [...]

  • ABBY'S -- "Pilot" Episode 101 --

    TV Review: 'Abby's' Starring Natalie Morales

    “Abby’s,” NBC’s new comedy about a cranky bartender (Natalie Morales) and her inner circle of regulars, is aware of the inevitable “Cheers” comparisons. Created by “New Girl” writer Josh Malmuth and executive produced by uber-producer (and unabashed “Cheers” superfan) Mike Schur, “Abby’s” therefore makes a few key choices in order to differentiate itself as its [...]

  • Ryan Murphy Walk of Fame

    TV News Roundup: Netflix Sets Premiere Date for Ryan Murphy's 'The Politician'

    In today’s roundup, Netflix announces the premiere date for Ryan Murphy’s “The Politician” series, and Kristin Cavallari will host “Paradise Hotel” on Fox.  DATES Reality star Kristin Cavallari will host Fox’s reboot of “Paradise Hotel,” an unscripted dating show in which a group of singles will check into a tropical resort and compete to check [...]

More From Our Brands

Access exclusive content