Sky reports best customer growth in 11 years and increased profit

Sky posted operating profits of £1.4 billion thanks to the acquisition of businesses in Italy and Germany and other business ventures

Eleanor Rosney
by Eleanor Rosney on 29th July, 2015

Sky has enjoyed its best customer growth in 11 years, as well as an 18% rise in profits for the year ending June 30, 2015.

Thanks to an “outstanding period of growth” in the UK and Ireland, Sky now has more than 12 million customers.

The broadcaster delivered 721,000 new subscription product sales in Q4, boosted by accelerated growth across TV and broadband. Quarterly TV growth increased by 49% to 113,000, while broadband additions of 96,000 were up 92% year on year in the UK and Ireland.

Read more: Sky targets apartment market with new communal dish

The broadcaster also announced there are 35 original dramas planned over the next three years.

Jeremy Darroch, Group Chief Executive, commented: “The past 12 months have been an outstanding period of growth for Sky. The UK and Ireland, where our strategy is most progressed, put in a particularly strong performance.

By distributing our content over multiple platforms and launching new products and services, we are now able to offer something for every household.

“We passed the 12-million customer milestone with the highest growth in 11 years; we surpassed 38 million paid-for subscription products; and we delivered the lowest churn in 11 years. This is the direct result of the investments we’ve made in connected services and quality content with more than 7 million customers now connected.

“It’s clear that the steps we have taken to broaden out our business are paying off.”

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