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 – which is being fought over by Rupert Murdoch’s 21st Century Fox and US media group Comcast – said it added another 38,000 new customers in its third quarter, taking the total households reached by its services to 22.9 million.
It reported group underlying earnings of £1.7 billion 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 £1.4 billion, and Italy offset an 18% plunge in earnings in Germany and Austria to £68 million.
By Holly Williams.
Full story at Yahoo News.
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