Sky TV financial results: after-tax profit of $49.2m

Sky TV chief executive Sophie Moloney. (Image: NZME)

Wed, 21 Aug 2024

Sky TV has delivered a “solid” net after-tax profit of $49.2 million, a drop of 3.7% on its previous financial year in what it describes as difficult and challenging market conditions, which has seen its customer base fall to its lowest in five years.The result comes as the company prepares to enter critical negotiations to renew its rugby TV rights.The pay-TV operator said on Wednesday that revenue ($766.7m, up 1.6%) and earnings ($153m, up 2.9%) increased, but the after-tax profit was down due to increased depreciation associ...

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