close
MENU
Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
3 mins to read

Sky shares tank on subscriber warning: three factors behind the fall

Fanpass, Neon growth — detailed for the first time — fails to offset fall in traditional subs | $300m wiped from market cap. With special feature audio.

Fri, 06 May 2016

Sky shares [NZX:SKT] are down more than 16% in mid-afternoon trading, wiping $350 million from its market cap. The plummet comes after a warning that total subscriber numbers will fall by around a net 30,000 to 830,000 by the end of its financial year (June 30).

At its half-year result, the pay-TV

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Sky shares tank on subscriber warning: three factors behind the fall
57942
true