Sky’s UK business added new customers in the third quarter as part of mixed results for Comcast’s European business.
Reporting results for the third quarter ending September 30, 2020, Comcast reported Sky subscriptions slipped 21,000 to 23.7 million in the third quarter of 2020, an improvement compared to the second quarter of 2020, and included net additions in the UK market.
There’s no separate breakdown for the UK, Germany and Italy.
Content revenue increased 5.2% to $4.8 billion, helped by increased content revenue that grew 17.5% to $388 million, and amid falls in subscriber and advertising revenues.
But while fewer people were subscribing Premier League viewership on Sky Sports reached record levels with the highest-ever audiences recorded for the 2019/20 season and the 2020/21 season already scoring the highest audience for a single day.
The company said its Peacock streaming service in the US now has 22 million customer sign up, exceeding internal engagement expectations. In the second quarter, Comcast said it had 10 million Peacock signups. Cord cutting continued to hurt Comcast’s cable TV business in the US, with residential video customers falling to 19.2 million from 20.4 million a year ago.
