Latest Sky Network Television (ASX:SKT) News

Small caps stole the week, led by a big funding deal in gold and two revenue breakouts. Meanwhile, some well-known names slid after profit updates failed to calm nerves on costs and outlooks.

Sky Network Television posts a robust first half FY26 with 8% revenue growth and a 77% rise in underlying net profit, driven by the strategic acquisition and integration of Discovery NZ, now Sky Free.

Sky New Zealand has locked in a five-year exclusive broadcast partnership with New Zealand Rugby and SANZAAR, ensuring fans access to every major rugby moment through to 2030. The deal expands coverage of both men's and women's rugby, including new tournaments and historic tours.

Sky Network Television Limited reported a solid FY25 performance within guidance, overcoming satellite migration challenges and economic pressures, while raising dividends and completing the acquisition of Discovery NZ.

Sky New Zealand has finalized its acquisition of Discovery NZ Limited for a nominal sum, aiming to leverage significant cost synergies and diversify revenue streams. Despite Discovery NZ’s recent losses, Sky projects a positive cash flow impact and a pathway to meaningful earnings growth by FY28.

Sky Network Television is set to acquire Discovery NZ for a nominal $1, instantly boosting its revenue by around NZD 95 million and expanding its digital footprint through the ThreeNow platform.