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Sky Q2 2016 results: innovation, service and bonding - Venture Insights

Report Overview

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Sky Q2 2016 results: innovation, service and bonding

PublisherEnders Analysis.
Publish Date February 4, 2016
Sector Broadcast TV, Media, TV, UK Media.
Company SKY.

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Europe’s biggest pay-TV service provider Sky has delivered another strong quarter, which saw H1 adjusted operating profits across the group rise by 12% year-on-year on a like for like basis at a constant Euro exchange rate, and the upward trend clearly has a lot of mileage left in it.

Although Sky UK & Ireland now generates almost all the current operating profits, the performances of Sky Germany & Austria and Sky Italy give cause for optimism and testify to the group’s deep commitment to top of the class innovation and customer service.

In a converging online, telco and TV space, the appointment of James Murdoch as non-executive Chairman and entry of Showtime into the Sky Atlantic partnership of Sky and HBO send out a clear message from the TV side about the importance of global scale and ties between its members.