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Sky UK brings group back on track - Venture Insights

Report Overview

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Sky UK brings group back on track

PublisherEnders Analysis.
Publish Date November 17, 2020
Sector Media, Television, TV, UK, UK Media.

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Sky appears to have weathered the COVID-19 crisis, revealing an encouraging turnaround in its Q3 operating results, with revenue growth flat overall as each stream saw significant improvement from Q2

Contents

Headline financials

Summary

DTC revenue turning around due to positive UK operating results

Content revenue benefiting from the return of sport

Advertising revenue bouncing back

EBITDA faces anticipated hit due to timing of sporting events

Positive signs across the board for the UK

Turning the Continent around

Italy

Germany and Austria

Final thoughts

List of charts/tables

Figure 1: Headline financials ($m) and YOY growth rates*

Figure 2: Sky direct-to-consumer revenue YOY growth*

Figure 3: Sky retail customer quarterly net adds (000)