Sky UK brings group back on track

Report Overview

Sky UK brings group back on track

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Sky UK brings group back on track

Sky appears to have weathered the COVID-19 crisis, revealing an encouraging turnaround in its Q3 operating results, with revenue growth flat overall as each stream saw significant improvement from Q2

Contents

Headline financials

Summary
DTC revenue turning around due to positive UK operating results
Content revenue benefiting from the return of sport
Advertising revenue bouncing back
EBITDA faces anticipated hit due to timing of sporting events

Positive signs across the board for the UK

Turning the Continent around

Italy
Germany and Austria

Final thoughts

 

List of charts/tables

Figure 1: Headline financials ($m) and YOY growth rates*

Figure 2: Sky direct-to-consumer revenue YOY growth* Figure 3: Sky retail customer quarterly net adds (000)