In 2020, Sky’s profits dropped by nearly one hundred million British pounds from the previous fiscal year, down to 1.4 billion British pounds. 2019 saw the British Sky Broadcasting Group’s highest profits to date at 2.2 billion British pounds. Sky has seen revenue growth on an annual level from 5.2 billion GBP in 2006 to 13.6 billion GBP in 2018. The largest portion of Sky’s income is through subscription-based payments.
BSkyB to Sky plc
Formed by the merger between Sky Television and British Satellite Broadcasting in 1990 in a bid to save both failing companies, BSkyB went on to acquire Sky Italia and Sky Deutschland to become Sky plc. Since then, Sky plc has gone on to become one of the world’s largest media companies. In 2018, a bidding war between Fox and Comcast settled with the latter acquiring Sky plc in one of the world's largest M&A deals during that year.
European TV viewers
In Europe, the average time spent daily watching television ranges from 121 minutes in Switzerland to 317 minutes in Romania. In some countries, over 90 percent of individuals watch TV either every day or almost every day.
Sky's profit in the fiscal years 2007 to 2020
(in million GBP)
Fiscal year ends annually on June 30th. Figures for years previous to 2020 were published earlier by the source.
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Comcast. (January 28, 2021). Sky's profit in the fiscal years 2007 to 2020 (in million GBP) [Graph]. In Statista. Retrieved May 08, 2021, from https://www.statista.com/statistics/273696/sky-annual-profit/
Comcast. "Sky's profit in the fiscal years 2007 to 2020 (in million GBP)." Chart. January 28, 2021. Statista. Accessed May 08, 2021. https://www.statista.com/statistics/273696/sky-annual-profit/
Comcast. (2021). Sky's profit in the fiscal years 2007 to 2020 (in million GBP). Statista. Statista Inc.. Accessed: May 08, 2021. https://www.statista.com/statistics/273696/sky-annual-profit/
Comcast. "Sky's Profit in The Fiscal Years 2007 to 2020 (in Million Gbp)." Statista, Statista Inc., 28 Jan 2021, https://www.statista.com/statistics/273696/sky-annual-profit/
Comcast, Sky's profit in the fiscal years 2007 to 2020 (in million GBP) Statista, https://www.statista.com/statistics/273696/sky-annual-profit/ (last visited May 08, 2021)