Sky TV reports big gain in first-half profit; warns about economy

CEO Sophie Moloney said teething problems with new Sky box were getting sorted. (Image: Sky TV)

Thu, 22 Feb 2024

Sky TV has reported strong first-half numbers, with a 3% dip in customers to 1.02 million for the six months to December 31 but a 4% rise in revenue to $393 million.The broadcaster had a 10% rise in net profit to $29m as it extracted more money from the average subscription.Earnings before interest, tax, depreciation and amortisation (ebitda) climbed 11% to $82m.An interim dividend of 7 cents per share was declared, up from 6cps in the first half of 2023 and a new $15m share buyback was announced. It will start once the current $15m buyback (in...

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