Sky shares jumped 9 per cent to 16.3c on the news, albeit off a low base; the stock is still down 64 per cent for the year. The increase in guidance comes just weeks before Sky launches its own broadband service, with possible cut-price UFB fibre for Sky subs who load-up on more channels and streaming services. A move into the mobile market is to follow as Sky takes the battle to streaming insurgent Spark's own turf. "We are looking forward to making life even better for our satellite customers when we add Sky Broadband to the mix in early 2021." SkyTVTotal subscribers grew as streaming gains outweighed satellite customer losses, although the average streaming customer paid far less per month ($19.80) than the average decoder-toting subscriber ($82.08), leading to sinking revenue and profit overall for FY2020.

Source: New Zealand Herald November 10, 2020 21:53 UTC