Sky predicts revenue and earnings fall for FY20

Mon, 18 Nov 2019

Sky Network Television is expecting lower annual revenue than last year at $750-$770 million, and earnings before interest, tax, depreciation and amortisation of $170-$190 million for the financial year 2020, after a management review. The lower end of the revenue guidance is 5.6 percent lower than the $795 million it posted for the 12 months to June 30 2019. The 2019 income figure was a 6.8 percent decrease from 2018. Last year Sky’s net loss was $607.8 million, after substantial write-downs, and the company canned its dividend for t...

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