Tuesday 17 October 2017

Sky's sales up 5pc as it awaits deal ok

Characters Daenerys Targaryen and Jon Snow from ‘Game of Thrones’, a major TV hit for Sky
Characters Daenerys Targaryen and Jon Snow from ‘Game of Thrones’, a major TV hit for Sky
Ellie Donnelly

Ellie Donnelly

Broadcaster Sky has recorded a "strong" start to 2017, with revenue rising 5pc year-on-year to £3.3bn (€3.7bn) in the three months to September 30.

Revenue from the Irish and UK market accounted for £2.2bn of the £3.3bn recorded.

Earnings before interest, taxation, depreciation and amortisation increased by 11pc to £582m, with the Irish and UK market accounting for £452m of this, according to the group's first-quarter update.

The company said 160,000 new customers joined during the period, up 51pc on last year.

Sky added over 800,000 subscription products, with subscription products passing the 60m mark.

Its most popular show is 'Game of Thrones', shot mainly on location in Northern Ireland. The drama is shown on Sky Atlantic, with viewers also catching it on the Sky Go app.

Premier League football is also a huge draw, and during the three-month period Sky sold 9.6m pay-as-you-go sports and entertainment products, up 12pc.

"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," said Jeremy Darroch, group CEO.

"We continue to see good demand for our products and services, with 51pc more new customers joining Sky than a year ago."

Last December the boards of 21st Century Fox and Sky announced agreed merger terms but the deal is being reviewed on public interest grounds by the Competition and Markets Authority in the UK.

The watchdog must decide on the case by March 6 next.

Irish Independent

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