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Sky turned £800m loss into £253m profit ahead of hundreds of job cuts
South Wales Evening Post
|October 03, 2025
MEDIA and telecoms group Sky bounced back from a near £800m 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 £30bn 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 South Wales Evening Post.
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