Sky turns in best subscriber growth performance in 11 years in UK, Ireland

With the successful acquisition of Sky Deutschland and Sky Italia, satellite giant Sky has turned in solid financials for its fiscal year.

Fulfilling previously disclosed anticipated results, it closed the financial year with revenues up 5% to £11.3 billion, and operating profit up 18% to £1.4 billion. It today serves 21 million customers across five countries – Italy, Germany, Austria, Ireland, and the UK – and is Europe’s leading investor in content.

“As well as bringing greater scale, the transaction was also about building a great organisation and positioning the business for the future,” the company said in releasing its earnings data. “The three Sky businesses are highly complementary. They share a powerful brand and have a common ethos of embracing change to provide customers with more choice, better content and a superior TV experience.

“Sky is already at the forefront of delivering services over broadcast, on demand and mobile TV platforms. However, by joining the three businesses together, we are able to share our strengths and expertise across the group. This will enable us to serve customers better and to build a bigger and stronger business over the longer term, to the benefit of all shareholders.”

The satcaster saw the addition of almost one million new customers over the year. This was 45% more than the prior year. At the same time, it added 4.6 million new paid-for products.

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Originally posted by Michelle Clancy at Rapid TV News

Andrea Mezzasalma of Sky Italia will be speaking at the 2015 asi European Television Conference, 4th-6th November at the Hilton Molino Stucky Venice Hotel, Venice, Italy