BusinessCloud Email Newsletter
BusinessBite live blog

Sky returns to profit with £1bn turnaround ahead of 600 job cuts

Published: October 2, 2025 at 5:03 pm

Author: Patrick Killeen

Media and telecommunications giant Sky is back in the green after a huge turnaround, bouncing back from a £773 million loss in 2023.

The Comcast-owned firm has posted a pre-tax profit of £253m for its 2024 financial year, in accounts filed on Companies House.

Revenue for the year also increased slightly to £10.3 billion.

In September, the London-headquartered business reported that it is to make roughly 600 tech roles redundant as it moves away from the development of new technology platforms.

Subscribe to our newsletter

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.