Pay TV Operator Sky Reports 5% Increase in Revenue to $17.6 Billion

European pay TV operator Sky reported on Wednesday a 5% increase in revenue to £11.3 billion ($17.6 billion), and an 18% increase in operating profit to £1.4 billion ($2.18 billion) for the year ended June 30.
The company added 973,000 subscribers, 45% more than the previous year.
. In U.K. and Ireland, the company recorded the highest organic customer growth for 11 years, and passed 12 million subscribers; in Germany and Austria, the company saw the highest-ever customer growth; and in Italy, the subscriber base held steady after three years of decline.