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Sky TV profit jumps 234 per cent, price increases on table after June
22 Feb, 2021 07:41 PM
7 minutes to read
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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Sky s total subscriber numbers bulged to 990,000 in June 2020 as it brought on 154,000 streamers with its acquisition of Spark s Lightbox, which was merged with Neon. Sky warned it would not be able to make all of them pay for Neon, but today announced that one-third of hard-bundled Lightbox customers are paying Neon subs.