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Sky connecting for the future - FY 2013 results - Venture Insights

Report Overview

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Sky connecting for the future – FY 2013 results

PublisherEnders Analysis.
Publish Date July 31, 2013
Sector Fixed Line (Internet and Voice), Pay TV, Sports.
Company Sky Group.

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FY 2013 produced strong growth as revenues increased by 6.5% and costs by only 6.1% as a large £188 million rise in programming spend was more than balanced by the achievement of efficiencies in operating service costs The big surprise was the announcement of a £60-70 million impact on EBIT in 2014 as Sky seeks to accelerate the uptake of connected TV across its base The big threat in 2014 is the possible loss of European Champions League rights to BT Sport from the 2015/16 season, while the main challenge is how to maximise connected TV revenues, where clear communication of the benefits and enhancements will play a vital role