Sky becomes the second major European broadcaster in two days to show signs that the worst of the coronavirus pandemic is in the rearview mirror.
After encouraging ITV revenues on Wednesday, Comcast announced that Sky’s revenues rose 28% to 5.2 billion for the second quarter of the year.
For the six months ended June 30, Sky’s revenue increased 18.9% to 10.2 billion ($ 2.5 billion) in the first half of 2021.
It wasn’t all good news, however. Sky’s Adjusted EBITDA decreased 25.3% to $ 560 million in the second quarter, while total customer relationships declined 248,000 to 23.2 million. It marks a customer shrinking trend among Comcast as streamers continue to infiltrate television audiences’ wallets.