Subscriber losses in Italy contributed to a fall in the installed base for Sky in the first quarter.
The Comcast DTH platform is suffering after the loss of Serie A rights to rival DAZN.
Total Customer Relationships decreased by 106,000 to 22.9 million in the first quarter of 2022; success in Germany and the UK compensating in part for the Italian losses.
UK advertising revenues contributed to overall growth in the Sky markets of 7.9% to $596 million.
Direct to consumer revenue of $3.9 billion was in line with the first three months of 2021. Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation said he was pleased with the “consistently strong” results in the UK.
Sky adjusted EBITDA Increased 71.0% to $622 million.
