Belfast Telegraph

Sky enjoys a 10% increase in earnings

By Holly Williams

Pay TV giant Sky has notched up a 10% hike in earnings for the first nine months of its year despite a "challenging" consumer market as it remains at the centre of a bidding battle.

The group - being fought over by 21st Century Fox and US media group Comcast - said it added another 38,000 new customers in its third quarter, taking the total reached by its services to 22.9 million.

It reported group underlying earnings of £1.7bn for the nine months to March 31, up from £1.5 billion a year earlier.

A strong performance in the UK and Ireland, where earnings lifted 10% to £1.4bn, and Italy, offset an 18% plunge in earnings in Germany and Austria to £68m.

Group chief executive Jeremy Darroch said: "Against the backdrop of a challenging consumer environment, this performance reflects the continual improvement in our broad set of products and services."

Belfast Telegraph

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