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Published: Fri, April 21, 2017
Sport | By Billy Aguilar

Operating profit at United Kingdom and Ireland arm of Sky down by 11pc

Operating profit at United Kingdom and Ireland arm of Sky down by 11pc

Sky attracted 106,000 new customers in Q3 of its current financial year, taking its overall customer base up to 22.4 million.

Sky said churn had remained stable despite it upping the price of line rental and many of its call rates.

According to Sky group chief executive Jeremy Darroch, "t$3 his is the next step in the development of our relationship with HBO".

Shares in Sky were up 0.1% at 982.75 pence on Thursday.

Sky plc (BSY.L, SKY.L) reported statutory operating profit of 703 million pounds for the 9 months to 31 Mar 2017 compared to 802 million pounds, previous year.

Announcing its latest results, Sky said 40,000 new customers joined the company between January and March this year, taking it to 12.7m United Kingdom customers in total. In the United Kingdom and Ireland, revenues were £6.41 billion up 4% on both measures while Italy grew 25%/7% to £1.849 billion and German and Austrian business was up 28%/10% to £1.382 billion. The company said that advertising revenues in the first quarter of this year were down by 3pc. Customers in the Italian market numbered 4.8 million at the end of March, up 68,000 year-on-year.

Sky has announced a multi-year co-production deal worth £195m with USA television network HBO, which will see the pair produce "high-end drama".

Darroch said that, looking forward, the company was entering the final quarter of its fiscal year in good shape.

Over 100,000 new customers joined Sky in Q3, according to new financials released by Sky.

Elsewhere, it will be launching a virtual reality experience in partnership with David Attenborough and the UK's Natural History Museum, in which Attenborough will be transformed into a hologram, and will guide guests in a guide that will allow them to virtually "handle" fossils.

Media tycoon Rupert Murdoch's Fox announced in December a deal to buy the 61-per cent stake in Sky it did not already own for £11.7 billion.

The deal already has the green light from European Union regulators, but Ofcom and the Competition & Markets Authority have until 16 May to investigate.

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