Sky reveals profit surge ahead of Premier League broadcast rights bidComments Off on Sky reveals profit surge ahead of Premier League broadcast rights bid
Adjusted operating profit for the six months to December 31 was £675 million, well ahead of forecasts of £644 million in a consensus provided by the company.
It was the first time the pay TV company has reported as an enlarged group after it snapped up Rupert Murdoch’s assets in Germany, Austria and Italy. It now serves around 20 million customers in Europe.
The home of programmes like Fortitude and Game of Thrones in the UK, Sky added 204,000 new customers in Britain and Ireland – its best performance in nine years – and saw record growth in Germany.
The Italian business also reported its best growth in 12 quarters, helped by fewer customers leaving the platform.
Sky, which recently announced a deal with O2 to provide mobile services for customers in 2016, will go head-to-head with rival BT in an auction to win the broadcast rights for English football’s Premier League later this week.
The rights could go for around £4 billion, according to analysts.
Additional reporting by Reuters