Sky has reported an increase in subscribers and profits across European markets.
100,000 new subscribers were added in the quarter to March 31. Churn was stable on the quarter, despite planned increases in telephony charges.
Revenues for the nine months were up by 11 per cent with strong profit growth of £64 million in Italy and £43 million in Germany and Austria.
Group revenues stood at £9,641 million.
Sky holds a total of 22,423,000 subscribers including 12,691,000 in the UK & Ireland, 4,930,000 in Germany and Austria and 4,802,000 in Italy.
“We’ve made good progress on the growth plans that we laid out. We launched Sky Mobile to create a substantial new source of revenue and profits,” said Jeremy Darroch, Group Chief Executive. “We have continued to improve the customer experience with further enhancements to our Sky Q and Sky+ platforms as well as the launch of our digital customer service via the My Sky app.”
Sky has today announced a $250 million co-production agreement with HBO (see separate story) as well as plans to broadcast this summer’s Test Cricket series against South Africa in Ultra HD.
There are plans to expand the MySky customer service app to include live chat.
1.2 million UK subscribers have already downloaded the app.
