Sky ups revenue guidance for FY21

Wed, 11 Nov 2020

Sky Network Television has improved its guidance for FY21, citing growth in direct satellite customers and lower year-to-date annualised churn.The company now projects revenue for the 12 months to June 30 2021 at between $680 million and $710 million, up from a September estimate of between $660 and $700 million. The pay TV provider said cost cutting means earnings will also improve and are now expected to fall between $140 million and $155 million, up from earlier guidance of between $125 million and $140 million. Net profit after ta...

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