Sky TV profit jumps 234 per cent, price increases on table after June – New Zealand Herald
Sky has reported a 234 per cent jump in net profit to $39.6 million for the six months to December 30, in line with guidance, on the back of an 80 per cent spike in its streaming business, a stabilisation of its satellite business and cost-cutting.
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Streamers continue to spend less than satellite customers, however, and revenue fell 7 per cent to $356.9m.
Total customers jumped 17 per cent from 794,000 a year ago to 927,000 as Sky box…