Sky Deutschland Increases Revenues, Narrows Net Loss

MUNICH: Pay-TV operator Sky Deutschland saw a 17-percent gain in its third quarter revenues to 284.5 million euros, with its net loss improved by 47.4 percent year-on-year to 46.9 million euros.

For the year to date, Sky’s revenues are 831 million euros, up 16 percent, while losses are down 30 percent to 187 million euros. Subscriber numbers are up, reaching 2.857 million, a gain of 13 percent, and churn is down 11 percent, from last year’s reported 19 percent.

Brian Sullivan, the CEO of Sky Deutschland, said: “Our clear focus on customers and market-leading innovation has continued to deliver strong operational results and enhanced financial performance. We improved across all key metrics, achieving the best Q3 net customer growth in the history of the company.

“During these challenging economic times, Sky stands well placed to continue to grow in the future,as an increasing number of customers across Germany and Austria recognize the great value that Sky delivers. With our combination of exciting entertainment, cutting-edge innovation and dedication to high-quality service, we continue to give more people more reasons to choose Sky.”