New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

Sky Network Television / Equity Bottom-Up

<ul><li>Sky TV's (SKT) FY24 result was soft, with less-than-expected subscribers across its Satellite and Streaming businesses driving a lower FY25 outlook.</li><li>This result is more understandable when considering SKT battled the combination of both a softening consumer backdrop, and a light content calendar over 2H24.</li><li>With SKT continuing to lose Satellite subscribers at pace, it is becoming more reliant on its ability to grow its Streaming business, and deliver reductions in programming costs to retain current profitability. </li></ul>

Sky TV's (SKT) FY24 result was soft, with less-than-expected subscribers across its Satellite and Streaming businesses driving a lower FY25 outlook.This result is more understandable when considering SKT battled the combination of both a softening consumer backdrop, and a light content calendar over 2H24.With SKT continuing to lose Satellite subscribers at pace, it is becoming more reliant on its ability to grow its Streaming business, and deliver reductions in programming costs to retain current profitability. 

Sky TV - FY24 Result — Outside the Medals