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Sky posts 13.8-per-cent Q2 revenue drop after sports rights ‘resets’

A Sky Sports microphone during day five of the fifth Test Match between England and India (Photo by Visionhaus/Getty Images)

Sky, the Comcast-owned European pay-television broadcaster, saw its second-quarter revenues drop by 13.8 per cent year-on-year to $4.5bn (€4.4bn), although its Ebitda (earnings before interest, taxes, depreciation and amortisation) increased by 54.1 per cent to $863m.

Excluding the impact of currency, revenue decreased by 3.5 per cent compared to the prior year period, which Comcast said was a result of lower direct-to-consumer revenue, content revenue and advertising revenue.

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