The Sky Q1 results have been announced and Sky has seen its overall revenue increase by 7% to 3.1 billion and its like for like revenue increase by 5%. The results cover the 3 months to the 30th of September 2016.
Sky added over 100,000 new customers in quarter one and Italy saw the highest increase in new customers in four years.
Jeremy Darroch, Group Chief Executive, commented: “I’m pleased with the start we have made to the year, with like-for-like revenue growth of over 5% and more than 100,000 new customers joining Sky. We finished the quarter strongly after a slower start against the backdrop of the Rio Olympics and UEFA Euro 2016. It was also a strong quarter of innovation with the launch of our new streaming service, Sky Ticket, in Germany; Ultra HD in the UK, Ireland, Germany and Austria; and our enhanced mobile TV proposition, Sky Go Extra, in Italy, as we transform all our markets to multi- platform distribution services.
You can see Sky’s full financial results for quarter 1 over at Sky at the link below, the company has said that it is on track to meet its targets.
Source Sky (PDF)
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