Sky plc (BSY.L,SKY.L) reported that its first-quarter Group revenues increased 13% to 3.15 billion pounds, with Euro revenues benefitting from the stronger currency. Revenues on a constant currency basis were up 7%. Like-for-like revenue were up over 5%. Sky plc added 106,000 new customers in the quarter. The Group said its is on track for its full year expectations.
Jeremy Darroch, Group Chief Executive, said: "We finished the quarter strongly after a slower start against the backdrop of the Rio Olympics and UEFA Euro 2016. It was also a strong quarter of innovation with the launch of our new streaming service, Sky Ticket, in Germany; Ultra HD in the UK, Ireland, Germany and Austria; and our enhanced mobile TV proposition, Sky Go Extra, in Italy, as we transform all our markets to multi- platform distribution services."
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