Quote:
Sky said it slowed the decline in its satellite subscriber base to 5.5 per cent, after a 6.4 per cent decline in customer numbers the previous year, and achieved “net growth” in June.
The company has also upgraded its guidance for its new financial year, and is now forecasting a profit of between $10m and $20m, up from its previous forecast of $5m to $15m.
Its revenue guidance for the year to next June has also been upped to $660m to $700m, from its previous forecast of $610m to $640m.
The goodwill impairment is grim, but inevitable - not really a surprise. But otherwise, I'm happy with the result. Looks positive; slowing the satellite churn, to a net positive, is what I wanted to see alongside the increased streaming customers.