LONDON (AFP) – European pay-TV broadcaster Sky posted soaring first-half profits on Wednesday, buoyed by keen demand in Austria, Britain and Germany, in the first results to include Sky Italia and Sky Deutschland.
Net profits, or earnings after taxation, more than doubled to £1.09 billion ($1.65 billion, 1.44 billion euros) in the six months to December 31, compared with £411 million a year earlier, Sky said in a results statement.
Revenues rallied 17 per cent to £4.302 billion in the reporting period, and grew 5.0 per cent on an adjusted basis.
Adjusted operating profit meanwhile grew 16 per cent to £675 million.
Total customer numbers swelled by 493,000 in the second quarter to reach more than 24.8 million subscribers, lifted by record growth in Austria and Germany.