Sky Result 23/10/15

Broadcaster, Sky PLC, reported strong Q1 operating profit of £375 million ($578.4 million), a 10% YoY increase from £340 million ($524 million). Turnover increased by 6% to £2.79 billion ($4.3 billion), from £2.65 billion ($4 billion), assuming exchange rates are constant for both periods. Strong customer growth in terms of addition of 134,000 new customers aided the increase in financial performance. The strongest geographic segment in terms of turnover was Germany and Austria with an 11% in growth, with the lowest customer churn at 9%. The UK and Ireland continues to remain the leading segment in both revenues and profits.