Back to the Premier League Newsfeed

Sky suffer a £575MILLION drop in revenue as TV subscribers switch off with the suspension of Premier League football and a lack of sport to blame during the coronavirus pandemic

Related Topics: Premier League, Sky, Comcast

Sky have reported a £575million fall in revenue after their sports subscribers switched off during the coronavirus lockdown.

The broadcaster, owned by American TV company Comcast, reported a 15.5 per cent fall in revenues from $4.8billion to $4bn (£3.7m to £3m) with the pandemic impacting the sporting calendar.

Sky blamed the plunge on the cancellation of Premier League, Bundesliga and Serie A fixtures as well as a decrease in customers receiving Sky broadband and mobiles services.

Sky have reported a u00a3575million fall in revenue during the coronavirus lockdown