Sky has reported revenues up 5% in the UK & Ireland in its first quarter, which it said was driven by June’s price rise and an extended range of services but offset by weakness in the UK television advertising market.
Group revenue for the period was up 7% to £3.1bn, with like-for-like revenue up over 5%. Over 100,000 new customers joined Sky during the period.
Jeremy Darroch, group chief executive, said: “We are on track financially in a year of investment on screen. We are bringing customers the very best TV with more of the biggest Premier League matches, Europe’s best box set service and more new and exclusive original drama. We are already seeing the benefit with good growth in revenues, more new customers joining us and existing customers consuming more. Alongside this we are making very strong progress on efficiency with operating costs for the quarter lower than a year ago in absolute terms.”
