SKY Network Television Full Year 2024 Earnings: EPS Misses Expectations

SKY Network Television (NZSE:SKT) Full Year 2024 Results

Key Financial Results

• Revenue: NZ$766.7m (up 1.6% from FY 2023).
• Net income: NZ$49.0m (down 3.7% from FY 2023).
• Profit margin: 6.4% (down from 6.7% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: NZ$0.34.

All figures shown in the chart above are for the trailing 12 month (TTM) period

SKY Network Television EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.9%.

The primary driver behind last 12 months revenue was the Sky Box Subscriptions segment contributing a total revenue of NZ$498.7m (65% of total revenue). Notably, cost of sales worth NZ$559.4m amounted to 73% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to NZ$82.1m (52% of total expenses). Explore how SKT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.5% growth forecast for the Media industry in Oceania.

Performance of the market in New Zealand.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for SKY Network Television (1 doesn't sit too well with us!) that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.