Sky FY 2019 results: a solid first full year under Comcast | Feb 2020

Sectors: 
Media
Telecoms
Companies: 
Canal Plus
NBCUniversal International
Sky
Sky Deutschland
Sky Italia

Despite operating in a challenging market, Sky has continued to increase revenues, with the resilient performance of its direct-to-consumer and content businesses offsetting the disappointing drop in advertising income

Across FY 2019, EBITDA was up 12.2%; profit growth driven by a significant reduction in “other” costs as large one-off effects disappear and cost-cutting continues

Extended distribution deals with Netflix and WarnerMedia will protect Sky’s content proposition for the coming future, as would the mooted integration of Disney+

Access Sky FY 2019 results: a solid first full year under Comcast