Sky TV flags return to revenue growth

Sky TV flags return to revenue growth
The media group beat already upgraded earnings guidance. (Image: supplied)
Paul McBeth
Sky Network Television expects revenue growth for the first time in more than five years after beating earnings guidance with a firm hand on reining in costs.The pay-TV operator net profit more than doubled at $47.5 million in 12 months ended June 30 as one-off costs the year-earlier washed through and the group benefited from covid-related reductions in content and production expenses and a gain on the sale of its outdoor broadcasting unit.Earnings before interest, tax, depreciation and amortisation (ebidta) rose 12.3% to $186.4m, beating the...

More Markets

NZ sharemarket claws back to end the week up 0.5%
Markets Market close

NZ sharemarket claws back to end the week up 0.5%

Index rumours drive prices on two shares. 

Graham Skellern 13 Dec 2024
Staff leave Meridian after retail 'reset'
Markets

Staff leave Meridian after retail 'reset'

Expect a very different approach from Meridian in 2025, executive says.

John Anthony 13 Dec 2024
NZX, NZSA want level playing field in climate reporting
Markets

NZX, NZSA want level playing field in climate reporting

Climate reporting liabilities for company directors could soon be eased.

Greg Hurrell 13 Dec 2024
Cannasouth delisting keeps Petterson in charge
Markets

Cannasouth delisting keeps Petterson in charge

Cannasouth major shareholders pushed to end voluntary administration they had called in.

Garth Bray 13 Dec 2024