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Sky reports 71-per-cent Q1 Ebitda uplift amid lower operating expenses

(Photo by Sebastian Widmann/Getty Images)

Sky, the Comcast-owned European pay-television broadcaster, recorded $622m (€591m) in adjusted Ebitda (earnings before interest, taxes, depreciation and amortisation) for the first quarter of 2022, a year-on-year increase of 71 per cent.

Excluding the impact of currency, adjusted Ebitda increased by 71.2 per cent, which Comcast said primarily reflects lower operating expenses due to lower programming and production expenses following “resets” in its sports rights offering in Italy and Germany.

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