Sky: strong start to the year, shares up slighty.

(CercleFinance.com) - British pay-TV group Sky said on Thursday that it has had a "strong start" to its new financial year, reporting solid growth in revenue and profits over the first quarter.


In the three months to 30 September, the group's Ebitda increased 11% to 582 million pounds, on the back of a 5% rise in like-for-like revenue to 3.3 billion pounds.

Sky said it was a strong quarter for customer growth, with 160,000 new customers added over the past three months, up 51% on the previous year, helped by the success of the seventh season of Game of Thrones.

Looking ahead, the company said it remains on track with plans entering the busy second-quarter trading period despite the uncertainty in the broader consumer environment.

Sky shares were up 0.4% at 917.5 pence on the London Stock Exchange, after these figures were announced.


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