Sky NZ Reports Growth Amid Economic Challenges

SKY Network Television (SYKWF) has released an update.

Sky Network Television in New Zealand has delivered a robust financial performance for the FY24, with a slight revenue increase to $766.7m and a 26.7% dividend hike, despite a challenging economic climate. The company continued its growth strategy across diverse revenue streams, including a 40% rise in Broadband and a 33% jump in Sky Sport Now revenues. However, overall customer numbers dipped to 938,760, affected by external factors like US content supply strikes and local economic hardships.

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