Analyst Views: What did you make of Sky’s quaterly results?
IAN WHITTAKER | LIBERUM
The results read very well, especially on the subscriber metrics, although significant changes to KPI disclosure make reading of longer-term trends hard. However, there are some signs the quality of the subscriber base might be coming under pressure.
JULIEN ROCH | BARCLAYS
Churn is again low, confirming that the connected boxes strategy unveiled by the company … is working superbly. Yes, the market is more competitive in the UK with players offering new alternatives. But Sky has now demonstrated they can still grow nicely thanks to a superior TV product
STEPHEN WILLIAMS | BREWIN DOLPHIN
The benefit of Sky’s good cash flow – and hence dividend yield – is being offset by higher content prices and thus there is greater urgency to develop content in-house.