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Sky NZ posts strong first-half earnings as Sky Free deal lifts scale and ad reach

Story Highlights
  • Sky Network Television delivered strong first-half earnings growth, with higher revenue, sharply improved profitability and cash flow, and a significantly increased interim dividend despite a challenging advertising and economic backdrop.
  • The $1 acquisition and integration of Discovery NZ, now Sky Free, is already boosting Sky’s advertising scale, digital and demographic reach, and underpinning a refreshed content strategy that strengthens its market position in sport and entertainment.
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Sky NZ posts strong first-half earnings as Sky Free deal lifts scale and ad reach

Meet Samuel – Your Personal Investing Prophet

SKY Network Television ( (SYKWF) ) has shared an announcement.

Sky Network Television reported a strong first-half result to 31 December 2025, its first period including the acquired Sky Free unit, with underlying revenue up 8% to $415.4m and underlying EBITDA up 29% to $78.2m on lower programming costs and tight cost control. Underlying NPAT jumped 77% to $19.3m, statutory NPAT rose to $52.4m helped by a bargain purchase gain and compensation income, free cash flow soared to $87.1m, and the board lifted the interim dividend 76.5% to 15c per share, underscoring confidence despite soft economic and advertising conditions.

Chief executive Sophie Moloney said the acquisition of Discovery NZ for $1 is already expanding Sky’s reach and diversifying revenue, with integration progressing on track and early synergies of $3.2m booked in the half. The deal has boosted Sky’s share of linear TV ad revenue to 35%, more than doubled total advertising income with a growing digital component, significantly expanded younger and female audiences, and supported a refreshed content strategy that secures key sports rights and retools entertainment partnerships to improve content economics and long-term control of programming.

More about SKY Network Television

Sky Network Television is a New Zealand-based pay television and media company with a strong position in sports broadcasting and a growing presence in free-to-air and digital channels. Its portfolio now includes Sky Free, the rebranded Discovery NZ business incorporating channels such as Three and streaming platform ThreeNow, broadening its reach across linear TV and digital audiences.

For an in-depth examination of SYKWF stock, go to TipRanks’ Overview page.

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