Markets

Sky on track to be ultimate aggregator

Paul McBeth
Thu, 26 Aug 2021

CEO Sophie Moloney says Sky needs to do better. (Image: supplied)

Paul McBeth
Thu, 26 Aug 2021

Sky TV isn’t resting on its laurels after beating its twice-upgraded earnings guidance and flagging its first increase in annual revenue after years of losing customers.As chief executive Sophie Moloney says, it’s a good result but the company has much more to do in what she describes as an “inflexion year”.The company more than doubled net profit to $47.5 million in the June 2021 year and lifted earnings before interest, tax, depreciation and amortisation (ebitda) 12.3% to $186.4m, beating its own forecasts.Revenue fell...

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