LONDON: Broadcaster Sky has reported a rise in revenues, but UK advertising sales dipped and subscriber growth slowed. Sky said like-for-like revenues – which strip out the impact of currency movements – rose 5% in the three months to 30 September. Subscriber numbers rose by 106,000 over the period but that was lower than last year’s rise of 134,000.
Advertising revenue in the UK and Ireland fell 3%, although Sky said that was better than the overall market. Sky, which generates about a third of its business in Italy, Germany and Austria, said its group revenues had benefitted from the rise in the euro against the pound, as European sales in euros are counted back into sterling. As a result, group revenues rose 13% to £3.1bn.
