Sky Deutschland narrows losses, increases revenues

Sky Deutschland reduced its losses and increased revenues in the second quarter of the year.

The German pay TV operator reported second-quarter after-tax loss of €53.6 million, compared to a loss of €81.9 million a year earlier. Revenues were up 17% year-on-year to €276.7 million.

Operationally, Sky added 33,000 customers during the quarter meaning first half subscribers additions reached 106,000. The operator ended June with a total of 2,759,000 customers and said it expects to add a further 200,000 customers by the end of the year. It also hopes to see its 12-month rolling churn rate fall below 12%.

Brian Sullivan, CEO of Sky Deutschland said: “We are pleased with our progress in the second quarter which is in line with our expectations. After four quarters of continued improvement, and having already grown by over 100,000 customers in the first half of this year, these solid results reinforce my confidence in our ability to build a successful pay TV business. Our strategy to deliver for customers by focusing on the best program quality, exciting innovations and great service, is beginning to pay off.”