Sky’s full-year losses double to £224m as revenue flatlines

Growth in earnings from smart TV, mobile, broadband and streaming offset by drop in popularity of Q box

Sky reported a doubling of its annual losses last year as the media and telecoms company spent more on programming and costs relating to its broadband services and hardware such as mobile devices and Sky Glass TVs increased.

The company, which earlier this year cut 1,000 jobs, reported an operating loss of 224m for 2023.