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Coronavirus pandemic 2020

Sky’s Revenue Drops $600M In Pandemic Year; 56,000 Customers Abandon European Pay-TV Giant

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deadline.com
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Comcast’s European pay-TV broadcaster Sky suffered a 3.3%, or $600 million, drop in revenue last year, as its total customer relationships went into reverse at a time when millions have flocked to streaming services.According to Comcast’s Q4 earnings, Sky’s full-year revenue for 2020 was $18.6 billion, compared with $19.2B in 2019.

This was despite sales increasing 3.3% in the final quarter of the year to $5.2B.Although it comes in a year in which the coronavirus pandemic has hammered many broadcasters’ ad revenue, this is the second consecutive year that the Gangs Of London and Chernobyl outfit’s revenue has contracted by $600M.

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