Revenues what count for Sky: Q1 2017

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Revenues what count for Sky: Q1 2017

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Revenues what count for Sky: Q1 2017
2017 has started well as group revenues grew by 5% on a like-for-like constant currency basis and operating costs were 2% lower year-on-year
The outlook for continuing strong revenue growth in the coming quarters is very positive in light of the numerous and ongoing product and service synergies in all three Sky markets
Cord-cutting is now a major concern in the US; however, there is no evidence for it with respect to Sky operations in Germany & Austria and Italy, while the evidence from the UK & Ireland is so far inconclusive. We expect some to occur, but not on the scale seen in the US.