Media and telecommunications giant Sky is back in the green after a huge turnaround, bouncing back from a 拢773 million loss in 2023.聽
The Comcast-owned firm has posted a pre-tax profit of 拢253m for its 2024 financial year, in accounts filed on Companies House.聽
Revenue for the year also increased slightly to 拢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.
The broadcaster is beginning a consultation with 900 staff across its Osterley, Leeds and Livingston sites.
Sky said it will refocus on existing services rather than platforms like Sky Glass and Sky Stream television, while more tech functions will be moved to international teams.
There will be opportunities for some of those affected to find new jobs elsewhere in the company, but no indication of the number of people who might benefit from this.
A Sky spokesperson said: 鈥淥ver the past few years, Sky has launched a set of market-leading products including Sky Glass, Sky Stream and our full fibre broadband service.
鈥淭hese products are now firmly established and used by millions of customers, strengthening Sky鈥檚 reputation for innovation and great service.
鈥淎s we look ahead, we are shifting our approach to bring customers the next generation of experience by investing in digital-first service, unbeatable content, and even better performance from our products, powered by the best of global innovation.鈥�
Crowdcube and LSE to open private markets to everyday investors