Sky TV boosts guidance after cost review

Sky CEO Sophie Moloney. (Image: supplied)

Tue, 07 Dec 2021

Sky Network Television has markedly raised its guidance for FY22 after a “rigorous cost review” it says will reduce operating cost by an additional $35 million. Earnings before interest, tax, depreciation, and amortisation (ebitda) guidance increased from $115 million-to-$130m to $150m-to-$160m.Net profit guidance shot up from $27.5m to $40m-to-$48m and the firm lifted the bottom end of revenue guidance, which is now $725m-to-$745m.The improved outlook follows on from the listed company’s October annual shareholder meetin...

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