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Sky announces excellent financial and operating results for the year ended 30 June 2018

Strong set of plans are in place for future growth

On Thursday 26 July, Sky announced the end of year results (Q4) reporting excellent financial and operating results, an extension of its leadership in content and great value delivered to customers across the Group. A strong set of plans are in place for future growth.

Here are some key highlights from the figures showcased:

  • 5% increase in like-for-like revenue
  • 23 million European households with Sky – Q4 customer growth up 39%
  • 63 million products in Sky homes – Q4 product growth up 81%
  • Sky Q in 3.6 million homes across the Group – up 2.3 million year on year

Jeremy Darroch, Group Chief Executive, commented:
“It’s been an exceptional year. We’ve delivered another set of strong results with like-for-like revenues up 5%, Established Business EBITDA up 11% and EPS up 10%. Over half a million new customers joined Sky this year and we now have 63 million products in customer’s homes as they continue to choose Sky over other providers. As a consequence, we have extended our leadership position as Europe’s largest direct-to-consumer media and entertainment business.”

“Importantly, this strategy is now widely implemented across the Group. In the UK and Ireland, our largest market, we’ve delivered an excellent operational and financial performance whilst scaling ournew initiatives. In Germany and Austria, we have comprehensively upgraded all our services as part of our plans for sustained long-term growth in what is Europe’s largest TV market. In Italy, we’ve had a ground-breaking year, opening up significant new growth opportunities for our business by offering
new services over DTT and fibre, allowing us to reach new segments of the market.”

“Alongside this, we’ve put in place further building blocks for future growth. We’ve secured more exclusive coverage of major sports events for our customers and our investment in Sky original productions is being widely recognised by customers and critics alike. We’ve rolled out Sky Q to all our major territories meaning a growing number of customers can enjoy the benefits of Europe’s best home entertainment service, and our agreements with Netflix, Mediaset, BT and Spotify will further enhance and extend our customer offer.

“We therefore enter the year ahead with good momentum. We have an excellent set of plans and we’re focused on executing them well. We are proud that Sky is recognised globally as an outstanding business and are confident we have the right assets and capabilities to continue creating long term growth opportunities and to capitalise on the strong position we’ve built.”

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