Television operator Sky is reporting decreasing half-year profits, as extra costs offset the gains from increased subscribers.

The delayed releases of the new Sky Box and Sky Pod have created extra operating costs for Sky.

CEO Sophie Maloney says that Sky has retained solid subscriber growth and they've secured all the content they targeted.

"Our delay in delivering the new Box and the new Pod has meant we've had some additional costs to continue with the Vodafone TV platform. That's had a slight impact on our profit number but overall, we're headed in the right direction."

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Television operator Sky is reporting decreasing half-year profits, as extra costs offset the gains from increased subscribers.
The delayed releases of the new Sky Box and Sky Pod have created extra operating costs for Sky.
CEO Sophie Maloney says that Sky has retained solid subscriber growth and they've secured all the content they targeted.
"Our delay in delivering the new Box and the new Pod has meant we've had some additional costs to continue with the Vodafone TV platform. That's had a slight impact on our profit number but overall, we're headed in the right direction."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.