Try GOLD - Free
Sky turned £800m loss into £253m profit ahead of hundreds of job cuts
Paisley Daily Express
|October 03, 2025
MEDIA and telecoms group Sky bounced back from a near £800 million loss to post a pretax profit of £253m in 2024, ahead of plans to shed hundreds of jobs.
Sky, which was acquired by American media corporation Comcast for £30 billion in 2018, reported the turnaround after suffering a pretax loss of £773m in 2023.
Newly-filed accounts at Companies House reveal that its revenue rose from £10.2bn to £10.3bn.
Direct-to-consumer revenue for Sky increased from £8.5bn to £8.7bn, while content sales saw a slight rise from £527m to £529m.
However, advertising revenue dipped from £1.2bn to £1.1bn.
Sky attributed the increase in direct-to-consumer revenue to price hikes.
These results were released following recent reports that Sky plans to cut hundreds of jobs in the UK.
This story is from the October 03, 2025 edition of Paisley Daily Express.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Paisley Daily Express
Paisley Daily Express
UNITED WANT TO HEAD SOUTH IF RUBEN GOES
OLIVIA BUZAGLO JOLEON LESCOTT
1 min
October 03, 2025
Paisley Daily Express
Hamilton overwhelmed by Roscoe messages
Lewis Hamilton has described Roscoe as the “most important thing of my life\" after admitting to being “overwhelmed” by messages of condolences following his dog’s death.
1 mins
October 03, 2025
Paisley Daily Express
Israel intercepts flotilla
ISRAELI naval forces have boarded most of the vessels in a flotilla attempting to break the blockade of Gaza and detained dozens on board, including European lawmakers.
2 mins
October 03, 2025
Paisley Daily Express
Spooky fun and games at XSite
XSite Braehead is calling for all Halloween lovers as the popular Renfrewshire leisure site gears up to host the “ultimate” spooky event.
1 min
October 03, 2025
Paisley Daily Express
Heavy winds disrupt railway
Renfrewshire railway lines will operate a reduced timetable from 6pm tonight as Storm Amy is set to bring strong winds and heavy rain.
1 min
October 03, 2025
Paisley Daily Express
Sky turned £800m loss into £253m profit ahead of hundreds of job cuts
MEDIA and telecoms group Sky bounced back from a near £800 million loss to post a pretax profit of £253m in 2024, ahead of plans to shed hundreds of jobs.
1 mins
October 03, 2025
Paisley Daily Express
Max is well in the race, warns Norris
LANDO Norris believes Max Verstappen is now a “genuine” contender for the world championship but insisted McLaren will not have to make teammate Oscar Piastri their number one.
1 mins
October 03, 2025
Paisley Daily Express
Serial sex abuser jailed for targeting women
People in Scotland already have fewer pounds in their pockets, they can’t afford increasing taxation
1 mins
October 03, 2025
Paisley Daily Express
Cops cross the line
DIFFERENT WORLDS: Amy De Bhrun and Eoin Macken star as clashing detectives
1 min
October 03, 2025
Paisley Daily Express
Jose is Mour pleasant than you think
JOLEON LESCOTT says he’s only had positive and polite encounters wth Jose Mourinho.
1 min
October 03, 2025
Listen
Translate
Change font size