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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.
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