Sky New Zealand

News Summary:

On September 9, 2026, the New Zealand Superannuation Fund Nominees Limited reduced its substantial holding in Sky Network Television, selling 1,463,778 ordinary shares on market between August 10 and September 8 for approximately $5.24 million. Previously, on August 28, Sky New Zealand secured an early extension to its English Premier League (EPL) rights agreement, ensuring coverage across the country through the 2033-34 season. This new deal builds on the current six-year agreement (2022-23 to 2027-28) and will see the broadcaster continue to air all 380 matches per campaign across its main sports channels and Sky Sport Now. This move comes as rival TVNZ gears up with its own sport subscription strategy. Concurrently, Sky reported stronger full-year results for FY 2026, with CEO Sophie Moloney expressing satisfaction as the company posted a near $60 million net profit, close to triple the previous year's result. Underlying revenue rose 9% to NZD 826.1 million, and underlying EBITDA increased 6% to NZD 157 million. Following the announcement, Sky's stock rose 5.69% to $2.97. The company provided FY 2027 guidance with revenue projected between NZD 825 million and NZD 840 million and EBITDA between NZD 155 million and NZD 165 million. Sky also outlined a multi-year plan targeting 10% annual dividend growth from FY 2027 to FY 2029 and lower capital intensity of 6%-8% of revenue.