Sky beats profit forecast helped by solid broadband demand

Pay-TV group reports 10 per cent rise in first quarter operating profit to £375m

Operating profit of £375 million was slightly ahead of a forecast of £366 million

Operating profit of £375 million was slightly ahead of a forecast of £366 million

 

European pay-TV group Sky posted a slightly-better-than expected 10 per cent jump in first-quarter operating profit on Wednesday, helped by strong new broadband additions in Britain.

Sky, formed from the combination of Britain’s BSkyB, Sky Deutschland and Sky Italia to serve 21 million customers in Europe, added 134,000 customers in the quarter.

Operating profit of £375 million was slightly ahead of a forecast of £366 million and the group said it was well positioned for growth opportunities.

Reuters