Sky NZ Reports Growth Amid Economic Challenges
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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.

For further insights into SYKWF stock, check out TipRanks’ Stock Analysis page.

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