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Re: ESPN, BT, Euro, Premier and Sky Sports news
Sky reports rise in revenue and profits amid £26bn bidding war
The owner of Sky News says profits are up 7% in what are likely to be its final annual results as an independent business.
Quote:
Sky has reported a rise in annual revenues, profits and customer numbers, and sought to underline its growth prospects as a £26bn bidding war between two American suitors approaches its conclusion.
The home and mobile entertainment and communications company, which owns Sky News, said that statutory operating profit in the year to June rose by 7% to £1.034bn.
Earnings before interest, tax, depreciation and amortisation were up 9% to more than £2.3bn.
Sky plc said that revenue had risen for the 29th consecutive year, with like-for-like revenue up 5% to £13.6bn.
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https://news.sky.com/story/sky-repor...snt-sf-twitter
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