Sky Network Television Ltd

SKT: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$1.97	Mlh	Qwchtnmqs

Beginning of a Three-Year Journey to the Sky

Brian Han

Aug 25, 2021

The coronavirus-muddied 3% fall in Sky Network Television’s fiscal 2021 adjusted EBITDA to NZD 186 million was 2% above our expectations, primarily due to more buoyant revenue of NZD 714 million versus our NZD 709 million forecast. However, we saw no reasons to change our forward projections, with our unchanged NZD 124 million EBITDA estimate for fiscal 2022 within management’s EBITDA guidance of NZD 115 million to 130 million.

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