Sky Network Television Limited Ordinary Shares
SKT.NZXCommunication Services
The company was formed in 2005 to facilitate the merger of listed companies Sky Network Television Ltd and Independent Newspapers Ltd (which held 78.4% of Sky). Under the merger scheme, MergeCo was to acquire all of the shares in INL and all of the Sky minority shares. INL and Sky would then be amalgamated into MergeCo to create a single listed entity for the Sky business. MergeCo then would be renamed "Sky Network Television Ltd" and conduct Sky's existing and ongoing business. For each Sky share, holders received one ordinary share in MergeCo and $1.28 cash. For each INL share, holders received 0.8360 of an ordinary share in MergeCo and $1.78 cash. SKT dervies the majority of its revenue through residential satellite subscriptions with other revenue coming from UHF subscriptions, other types of SKY subscription, installation and advertising.
Market Data
$3.250
+0.0%$447.4M
6.0x
$0.540
12.57%
+0.2%
Latest Earnings
Sky Announces 2026 Interim Results
26 February 2026
Sky Network Television delivered strong interim results with underlying EBITDA up 29% to $78.2M despite challenging economic conditions. The acquisition of Discovery NZ (now Sky Free) for $1 strengthened the company's market position, doubling advertising revenue and expanding digital audience by 62%. The Board declared a 76.5% increase in interim dividend to 15.0 cents per share, reflecting confidence in the business. Key points: Underlying EBITDA grew 29% to $78.2M driven by disciplined cost management and lower programming costs; Sky Free acquisition for $1 generated $34.4M gain on bargain purchase and doubled advertising revenue; Digital audience expanded 62% to 1.2M weekly viewers with significant growth in youth and female demographics
Recent Announcements
Ongoing Disclosure Notice - Keith Smith
Keith Raymond Smith, a director of Sky Network Television Limited, acquired 116,000 ordinary shares on-market on 20-22 May 2026 for total consideration of $360,794.30, increasing his directly held shareholding from zero to 100,000 shares and his indirect relevant interest via Lily Wong from 8,333 to 24,333 shares.
SPH Notice - New Zealand Superannuation Fund Nominees Ltd
New Zealand Superannuation Fund Nominees Ltd changed substantial holding from 9.825% to 8.778%.
Ongoing Disclosure Notice - Philip Bowman
Philip Bowman, a Director of Sky Network Television Limited, acquired 43,330 ordinary shares on 12 May 2026 for $137,789.40, increasing his holding from 806,670 to 850,000 shares.
Ongoing Disclosure Notice - Sophie Moloney
Sophie Moloney, Chief Executive Officer of Sky Network Television Limited, acquired 31,500 ordinary shares in three on-market transactions between 24-26 March 2026, increasing her holding from 300,361 to 331,861 shares, for total consideration of $98,909.00.
Ongoing Disclosure Notice - Philip Bowman
Philip Bowman, a Director of Sky Network Television Limited, acquired 643 ordinary shares on 23 March 2026 for $2,015.48, increasing his holding from 806,027 to 806,670 shares.
Ongoing Disclosure Notice - Philip Bowman
Philip Bowman, a Director of Sky Network Television Limited, acquired 220 ordinary shares on 20 March 2026 for $691.97, increasing his holding from 805,807 to 806,027 shares.
Ongoing Disclosure Notice - Philip Bowman
Philip Bowman, a Director of Sky Network Television Limited, acquired 5,807 ordinary shares on 18 March 2026 for $17,998.80, increasing his holding from 800,000 to 805,807 shares.
Sky Announces 2026 Interim Results
Sky Network Television delivered strong interim results with underlying EBITDA up 29% to $78.2M despite challenging economic conditions. The acquisition of Discovery NZ (now Sky Free) for $1 strengthened the company's market position, doubling advertising revenue and expanding digital audience by 62%. The Board declared a 76.5% increase in interim dividend to 15.0 cents per share, reflecting confidence in the business. Key points: Underlying EBITDA grew 29% to $78.2M driven by disciplined cost management and lower programming costs; Sky Free acquisition for $1 generated $34.4M gain on bargain purchase and doubled advertising revenue; Digital audience expanded 62% to 1.2M weekly viewers with significant growth in youth and female demographics
Sky evolves entertainment content offering
Sky New Zealand announced it will not renew its HBO Max content agreement with Warner Bros. Discovery when it expires in mid-June 2026, as WBD prepares to launch its own direct-to-consumer service in New Zealand. Sky will continue its partnership with WBD for other channel content while focusing on strengthening relationships with other content partners including Paramount, BBC, Studiocanal and Sony.
SPH Notice - New Zealand Superannuation Fund Nominees Ltd
New Zealand Superannuation Fund Nominees Ltd changed substantial holding from 8.648% to 9.825%.
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