Sky UK Q1 2019 results: weak ARPU hits bottom line

Report Overview

Sky UK Q1 2019 results: weak ARPU hits bottom line

Already a Subscriber? Login here to view Full Report

Sky UK Q1 2019 results: weak ARPU hits bottom line
Sky made a surprisingly weak start to 2019, with revenue growth decelerating to 1.9% (the first time below 4% since the European businesses merged in 2015), due to weaker ARPU trends
However, Sky expects improvement to follow, blaming one-off factors in the quarter. The ARPU weakness drove EBITDA down 11.3%, but this should bounce back across the rest of 2019 as football rights costs turn from a drag to a positive
Comcast highlighted collaborations with Sky across tech, advertising, content distribution and even news, stating it is on track to achieve the anticipated $500 million in annual synergies over the next couple of years