Sky shares tank on subscriber warning: three factors behind the fall
Fanpass, Neon growth — detailed for the first time — fails to offset fall in traditional subs | $300m wiped from market cap. With special feature audio.
Sky shares [NZX:SKT] are down more than 16% in mid-afternoon trading, wiping $350 million from its market cap. The plummet comes after a warning that total subscriber numbers will fall by around a net 30,000 to 830,000 by the end of its financial year (June 30).
At its half-year result, the pay-TV
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Sky shares tank on subscriber warning: three factors behind the fall
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