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Sky TV flags return to revenue growth

Paul McBeth
Wed, 25 Aug 2021

The media group beat already upgraded earnings guidance. (Image: supplied)
Paul McBeth
Wed, 25 Aug 2021
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...

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