Originally Posted by Digital Spy
Sky has reported a dip in profits for the three months to September and has attributed it to heavy investment in broadband and telephony services.

The broadcaster reported an operating profit of 143m, down from 180m during the same period last year. The 143m figure includes net operating losses of 51m from Sky Broadband and Talk. Overall, revenue rose 11% to 1.185bn.

Sky added 83,000 customers in the quarter for a total of 8.665m subscribers. Take-up of Sky+, HD and broadband was high - subscriber numbers rose 14% to 2.697m, 23% to 358,000 and 31% to 939,000 respectively.

Looks very positive, they are investing in the right area's at the moment, and as a result are expanding their range of services available to existing customers, whilst enticing more customers into taking up Sky.

Uusually a drop in profits would be worrying for a company, but id say this report is actually very encouraging.

Digital Spy Report