Comcast’s European pay television business Sky Group saw its operating loss more than double this year, the company revealed on Sunday.

Sky’s operating loss was logged at £224 million (around U.S. $292.3 million), up from £111 million (around U.S. $144.8 million) reported in 2023.

The loss was attributed to ongoing declines in pay television subscribers across Sky’s footprint, which includes the United Kingdom, the Republic of Ireland, Germany, Austria, Switzerland and Italy.

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Pay television revenues were lumped in with Sky’s overall direct-to-consumer business, which includes mobile phone service, broadband Internet and streaming platforms. That segment grew its overall revenue to £8.5 billion (around U.S. $11 billion) during the company’s fiscal year, Sky revealed.

Sky said gains in its direct-to-consumer business were offset by fewer Sky Q box leases, which are an indication that the company’s traditional satellite TV service continues to see its subscriber base erode for streaming platforms.

Sky’s operating expenses increased to £10.45 billion (around U.S. $13.64 billion), spurred by an increase in content production and licensing costs. Some of that operating expense was also attributed to write-downs on loans associated with Sky Deutschland (Germany) and Sky Italia (Italy).

Comcast acquired the Sky business in 2018.