Cable TV
Sky pumps major investment in digital skills
MUMBAI: Sky is stepping up its commitment to digital skills and innovation with the creation of a brand new, world-class technology hub in the north of England, and the expansion of its dedicated technology training schemes.
The new technology hub, which will create up to 400 highly-skilled jobs, will open later this year in Leeds. It will be focused on designing and developing Sky’s next generation of websites and apps across its offering.
Based at Allied London’s Leeds Dock, in the heart of the city, the hub will establish a dynamic and creative environment for Sky’s technology teams, expanding their capabilities in order to continue to lead the growth of new ways of watching content on multiple devices, in and out of the home.
Sky is also expanding its commitment to those starting out in their careers in technology by creating its second Software Engineering Academy, in Leeds, which will offer opportunities for young people across the north of England to gain skills and build a career in technology. In addition, Sky has increased the number of places on offer at its successful Software Engineering Academy in London.
The Software Engineering Academy offers graduates a hands-on, accelerated learning programme, providing practical, on-the-job training including opportunities to develop and support software for teams across Sky, including Sky Sports.
In London, the number of places available at the Academy annually has increased from 24 to 36. The company aims to emulate the success of the London Software Engineering Academy in Leeds, initially recruiting 24 graduates and eight apprentices a year. These will join the 118 young people who’ve gone through the Software Engineering Academy since launch four years ago.
Sky is mirroring its expansion in the UK by increasing its involvement in the US technology industry as it seeks to partner and collaborate with ambitious start-ups in Silicon Valley. Sky has already entered into successful partnerships with a number of tech start-ups, including IP streaming service provider Roku, multiscreen video leader Elemental and video delivery firm 1 Mainstream.
Sky group CEO Jeremy Darroch said, “Digital skills and innovation are at the heart of what we do at Sky, helping us give customers the best possible TV experience, whether at home or on the move. With our investment in Leeds, we’re creating one of the largest digital communities in the UK. We are looking forward to bringing hundreds of new jobs to the city and giving young people the opportunity to build their skills and help shape the digital services of the future.”
MP, Secretary of State for Business, Skills and Innovation, the Rt Hon Sajid Javid added, “I’m delighted that Sky is furthering its investment in Leeds with the creation of 400 new jobs and a new technology hub. The announcement is a boost to the digital economy of the entire Northern Powerhouse, and will undoubtedly help to cement Leeds as a leading technology cluster.”
MUMBAI: When margins wobble, liquidity talks and in Q3 FY25-26, cash did most of the talking. Den Networks Limited closed the December quarter with consolidated revenue of Rs.251 crore, marginally higher than the previous quarter but down 4 per cent year-on-year, even as profitability stayed resilient on the back of strong cash reserves and disciplined cost control.
Subscription income softened to Rs.98 crore, slipping 3 per cent sequentially and 14 per cent from last year, while placement and marketing income offered some cheer, rising 15 per cent quarter-on-quarter to Rs.148 crore. Total costs climbed faster than revenue, up 7 per cent QoQ to Rs.238 crore, driven largely by higher content costs and operating expenses. As a result, EBITDA dropped sharply to Rs.13 crore from Rs.19 crore in Q2 and Rs.28 crore a year ago, pulling margins down to 5 per cent.
Yet, the bottom line refused to blink. Profit after tax stood at Rs.40 crore, up 15 per cent sequentially and only marginally lower than last year’s Rs.42 crore. A healthy Rs.57 crore in other income helped cushion operating pressure, keeping profit before tax at Rs.48 crore, broadly stable quarter-on-quarter despite the tougher cost environment.
The real headline-grabber, however, sits on the balance sheet. The company remains debt-free, with cash and cash equivalents swelling to Rs.3,279 crore as of December 31, 2025. Net worth rose to Rs.3,748 crore, while online collections accounted for 97 per cent of total receipts, underscoring strong cash discipline across operations, including subsidiaries.
In short, while Q3 showed signs of operating strain, the financial backbone remains solid. With zero gross debt, steady profits and a formidable cash war chest, the company enters the next quarter with flexibility firmly on its side proving that in uncertain markets, balance sheet strength can be the best growth strategy.
