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Sky progress against headwinds: FY 2017 results - Venture Insights

Report Overview

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Sky progress against headwinds: FY 2017 results

PublisherEnders Analysis.
Publish Date August 9, 2017
Sector Media, Telecom, TV.
Company SKY.

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Sky’s full year results for fiscal 2017 are largely in line with company guidance on revenues, costs and synergies given on Investor Day last October, while the company expects further progress in fiscal 2018

Operating profits were badly hit by the massive increase of £629 million in annual payments to the Premier League, however, due to revenue and cost efficencies elsewhere, they fell by just £97 million, testifying to the overall strength of the Sky business

The results presentation revealed a clear sense of strategic direction, supported by much glossy and positive detail, yet revealed relatively little about the headwinds that Sky and other pay-TV operators now face, including the evident decline in Sky UK DTH subscriptions