Sky’s direct-to-consumer revenue fell by 1% to $4 billion in the quarter to December 31, 2021, as subscriber erosion accelerated.
The DTH platform lost 198,000 subscribers on the year, compared to 56,000 for 2020, to end the year on 23,027,000 subscribers across the UK & Ireland, Germany, Austria & Switzerland and Italy.
61,000 net subscribers were added in Q4 2021, thanks to growth in the UK and Germany, compared to 244,000 in the prior year.
Despite the losses, annual Sky Adjusted EBITDA increased 20.8% to $2.4 billion.
Content revenue decreased 23.4% to $327 million following the loss of Serie A and Champions League football in Italy and Germany.
Meanwhile, Peacock reached 24.5 million active accounts in the United States. The NBC streaming service launched in the UK & Ireland in November and debuted in Germany earlier this week.