New Zealand · Delayed Price · Currency is NZD SKY Network Television Earnings Call Transcripts
Fiscal Year 2026
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Double-digit EBITDA growth and strong cash flow were driven by disciplined cost management and the Sky Free acquisition, which expanded digital reach and advertising scale. Revenue rose 8% and underlying NPAT jumped 77% year-over-year, with continued earnings growth expected despite a challenging market.
Fiscal Year 2025
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The meeting reviewed solid FY 2025 results, a rising dividend, and strategic milestones like the Discovery NZ acquisition and renewed rugby rights. Shareholders approved all resolutions, with management reaffirming confidence in digital growth, integration synergies, and dividend sustainability.
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Results delivered within guidance despite economic headwinds, with strong cost control, cash flow, and a 15.8% dividend increase. Acquisition of SkyFree and renewal of rugby rights position the business for future growth, with FY2026 guidance reflecting continued investment and integration focus.
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Interim results were impacted by accelerated satellite migration and higher programming costs, leading to lower revenue and EBITDA, but strong growth in streaming, advertising, and broadband helped offset declines. Programming costs will drop in H2, supporting margin recovery and stable dividend guidance.
Fiscal Year 2024
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The meeting highlighted solid FY24 financials, increased dividends, and a strong balance sheet. Strategic focus is on accelerated satellite migration, deepening content engagement, and key rights negotiations. Shareholders approved all resolutions, and management addressed operational and market challenges.
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Delivered solid FY24 results with revenue and EBITDA growth, strong free cash flow, and a 26.7% dividend increase. Key segments like Sky Sport Now, broadband, and advertising drove growth, offsetting declines in Sky Box and Neon. Revenue growth targets were reset amid economic headwinds.