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Sky growth at 11 year high

Sky has posted its highest Q3 subs growth in 11 years. “We have delivered an excellent third quarter as customers across the enlarged Sky group respond to the quality and breadth of what we offer. In all, we attracted almost 70 per cent more new customers than the prior year and over one million new products. By continuing the strong operating momentum of the first half, we have grown revenues by 5 per cent and operating profit by 20 per cent over the nine months,” said Jeremy Darroch, Group Chief Executive,

“The UK and Ireland delivered a stand-out performance, reporting both the highest customer growth and lowest churn for eleven years. We took share in broadband and grew strongly in TV as our dual-brand strategy with NOW TV and Sky continues to deliver. At the same time, Germany enjoyed another record quarter of growth and Italy posted its best Q3 customer growth in three years. We’ve also delivered significantly increased customer loyalty in each of our businesses,”he added.

The results highlights:

  • 242,000 new customer additions in Q3, almost 70 per cent more than prior year
  • Over one million new paid-for subscription products
  • Stand-out churn performance in each market
  • Highest Q3 growth in 11 years in UK and Ireland
  • Record growth rate in Germany and Austria
  • Best Q3 performance in Italy for three years
  • 5 per cent increase in group revenue to £8,453 million
  • 20 per cent increase in operating profit to £1,025 million

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