Should I buy Sky Network Television stock in 2025?

What is Sky Network Television?

How much is Sky Network Television stock?

The price of Sky Network Television stock is rising this week. As of now, SKT is trading at NZD 2.69, reflecting a 3.07% gain in the past 24 hours and up 3.86% over the week.

With a solid yield and modest valuation, SKT presents a compelling option for local investors seeking stable returns in New Zealand’s market.

Our full analysis on the Sky Network Television stock

Having undertaken a granular review of Sky Network Television’s latest financial statements and tracked its stock performance across the last three years, we have synthesized quantitative data, technical indicators, news flow, and competitive dynamics using our proprietary multi-factor analytic approach. Our analysis seeks to illuminate not only the core strengths underpinning Sky Network Television’s investment thesis, but also the notable inflection points currently shaping its share trajectory. So, why might Sky Network Television stock once again become a strategic entry point into the Australasian media and broadcasting sector in 2025?

Recent Performance and Market Context

Within the context of the New Zealand equity market, Sky Network Television (NZX:SKT; ASX:SKT) has delivered a solid performance relative to its sector. As of May 30, 2025, the stock closed at NZD 2.69, representing a gain of +3.07% in the last 24 hours, +3.86% over the past week, and an impressive +9.8% over the last six months. The 12-month performance is correspondingly robust at +9.35%, outpacing a number of consumer and media peers during a period characterised by broad economic headwinds and changing consumption habits.

Sky’s recent results show the company navigating a challenging operating environment—most notably the strategic migration from the Optus D2 satellite. While this has temporarily constrained top- and bottom-line numbers, the completion of this project is widely anticipated to position the business for greater agility and technological resilience. These operational investments are occurring against a sector backdrop of digital convergence, where premium content and platform innovation have become critical drivers of both retention and new subscriber acquisition. Importantly, Sky’s continued dominance in the premium sports segment—buoyed by exclusive broadcasting rights for marquee events such as the 2025 British and Irish Lions Rugby Tour and renewed multi-year cricket partnerships—have provided meaningful positive catalysts, granting investors tangible visibility on future revenue streams.

Moreover, the macroeconomic outlook for New Zealand in the second half of 2025 is expected to stabilise, as consumer confidence recovers and discretionary spending on home entertainment increases. Against this backdrop, Sky Network Television’s defensive, cash-generative profile remains highly attractive within the local telecoms and media landscape.

Technical Analysis

From a technical standpoint, Sky Network Television’s price structure reflects an asset transitioning from consolidation into potential upside momentum. As of May 30th:

• Relative Strength Index (RSI): Currently stands at 66.64, approaching overbought territory, but still within a band that historically precedes breakout moves for this stock.
• Support & Resistance: The 52-week trading range has been NZD 2.31-2.99, with the current price resting comfortably above the key support level at NZD 2.31 (rounded 52-week low) and eyeing resistance at NZD 2.99.
• Momentum Indicators: Medium-term momentum is positive—the share has established a sequence of higher lows since late 2024, evidencing growing investor accumulation as technical support held firm during periods of market volatility.

While specific moving averages are not disclosed, the proximity of SKT’s current price to its annual highs suggests the shares may be forming a sustained bullish structure. A decisive close above NZD 2.99 would likely confirm a technical breakout, unlocking an upward move towards the calculated price objective of NZD 3.49—a further gain of around 30% from present levels.

Fundamental Analysis

The investment case for Sky Network Television is underpinned by a blend of income generation, market leadership, and a resilient business model:

• Revenue, Profitability, and Expansion: FY2024 annual revenues rose to NZD 766.73 million (+1.64% YoY), underpinned by strong content monetization and disciplined cost management. While the most recent H1 2025 period saw a slight revenue decline (-2%) and a dip in underlying EBITDA to NZD 60.7 million, these figures must be contextualised as driven by transitory migration costs rather than core business weakness.
• Valuation: With a trailing P/E ratio of 19.79 and a robust dividend yield of 7.85%, Sky trades at a valuation that appears compelling relative to both sector peers and the broader NZX. A beta of 0.29 further underscores the stock’s lower volatility—appealing to risk-conscious investors.
• Structural Strengths: Sky’s dominance in the regulated New Zealand pay-TV ecosystem, coupled with its unparalleled rights to must-watch live sports and a loyal subscriber base, creates durable economic moats. The company’s brand equity and reputation for quality have enabled it to defend market share and innovate, including digital and streaming product rollouts that future-proof the enterprise.

These fundamentals justify renewed interest from income investors and those seeking defensive growth exposure.

Volume and Liquidity

Trading activity remains consistent and healthy, with a 3-month average daily turnover of approximately 83,420 shares, translating into a free-float and market capitalisation currently near NZD 359 million. Such sustained liquidity demonstrates ongoing institutional and retail engagement, fostering market confidence and reducing execution risk for meaningful positions. Liquidity at these levels also enables price discovery mechanisms that often presage new valuation cycles, signalling potential for dynamic re-rating as further catalysts play out.

Catalysts and Positive Outlook

Sky Network Television enters the second half of 2025 with several clear catalysts that bode well for upward share price momentum:

• Operational Completion of Satellite Migration: The anticipated finalisation of the satellite migration project should reduce cost overheads, diminish service disruption, and enable resource reallocation to growth initiatives.
• Exclusive Content Rights: The company’s ownership of broadcast rights for the 2025 British and Irish Lions Rugby Tour and extended cricket partnerships ensures a steady stream of exclusive, high-demand content. This is likely to drive subscription revenue and advertising growth, underpinning near-term and medium-term financials.
• ESG and Innovation: Continued investment in digital transformation and platform integration, alongside sustainable broadcast practices, position Sky as a competitive leader embracing ESG principles, relevant for sophisticated institutional mandates.

The overall sentiment, while recently tempered by operational challenges, has pivoted to cautiously optimistic as structural headwinds abate and a more favourable regulatory and consumer environment emerges for entertainment and media services in New Zealand.

Investment Strategies

For different investment horizons, Sky Network Television presents a variety of entry arguments:

• Short-Term: Technical positioning just below key resistance at NZD 2.99, coupled with short-term momentum, offers tactical buy opportunities, particularly for those seeking to capitalise on any pre-catalyst breakout events (e.g., successful migration and new content launches).
• Medium-Term: As cost normalisation from the migration project filters through, earnings recovery is likely to be reflected in improved financials over the next reporting periods. The share remains attractively valued on both yield and earnings multiples, recommending itself as a potential core holding within an Australasian equity portfolio.
• Long-Term: For income-oriented and defensive portfolios, Sky's yield sustainability, dominant market position, and high switching costs for consumers collectively support a positive long-term thesis. Entering at a technical low—such as during transient sell-offs tied to operational headlines—may further enhance total return potential.

Ideal portfolio construction would see investors gravitate towards initiating or increasing positions during moments of technical consolidation or in anticipation of material catalysts—such as the official completion of the satellite migration or high-profile broadcast events.

Is It the Right Time to Buy Sky Network Television?

Bringing together the robust dividend profile, unwavering market leadership, exclusive access to premium content, and a now-mitigated operational risk profile, Sky Network Television seems to represent an excellent opportunity for those seeking exposure to the resilient and evolving Australasian media landscape. The stock’s attractive valuation, combined with positive technical signals and imminent catalysts, presents a compelling case that the current price levels may be setting the stage for a new bullish phase.

While operational transition has introduced a degree of near-term uncertainty, the company’s proven adaptability, ample liquidity, and recurring revenue streams should continue to inspire confidence. For NZ investors searching for a well-established name with material upside potential and a strong focus on shareholder returns, Sky Network Television’s current positioning vividly justifies renewed interest. As the sector pivots into its next growth cycle, the stock deserves close attention from those seeking to capitalise on the dynamic opportunities unique to New Zealand’s broadcasting and entertainment industry.

Ultimately, Sky Network Television appears optimally poised to reward patient investors with a rare combination of yield, stability, and credible growth potential as the company transitions into its next phase of innovation and value creation.

How to buy Sky Network Television stock in New Zealand?

Buying shares of Sky Network Television Limited (SKT) online has never been simpler or more secure for New Zealand investors. With regulated brokers overseen by local and international authorities, you can purchase SKT stock in just a few clicks, enjoying strong protections for your funds and data. The two main ways to invest are by buying the shares directly (“spot buying” or cash purchase), or by trading financial derivatives such as Contracts for Difference (CFDs), each offering different advantages and levels of risk. Below, we guide you through both methods—spot buying and CFD trading—before presenting a detailed broker comparison further down the page.

Spot buying

A cash purchase means you buy actual Sky Network Television shares on the NZX (New Zealand Exchange), making you a shareholder entitled to receive dividends and voting rights. When you buy through most New Zealand brokers, you typically pay a fixed commission per transaction, often around NZD $3 to $9, with some platforms charging as little as $5 per order.

Important example

Example: If the Sky Network Television share price is NZD $2.69, a $1,000 investment (after accounting for a brokerage fee of about $5) allows you to buy approximately 369 shares:
- $1,000 - $5 = $995 to invest
- $995 / $2.69 ≈ 369 shares

Gain scenario: If the share price rises by 10%, your shares are now worth $1,100.
Result: +$100 gross gain, or +10% on your initial investment.

Trading via CFD

CFDs (Contracts for Difference) enable you to speculate on the price movements of Sky Network Television shares without actually owning them. You can buy (go long) or sell (go short) CFDs with only a fraction of the capital required to buy shares outright, thanks to leverage. Instead of a flat fee, brokers usually charge a “spread” (difference between buy and sell price), and a daily “overnight” financing fee if you hold a leveraged position open beyond a trading day.

Important example

Example: You open a CFD position on Sky Network Television shares with a $1,000 margin and use 5x leverage, giving you market exposure of $5,000.
- If the stock rises by 8%, your position gains 8% × 5 = 40%.

Result: +$400 gain on your $1,000 outlay (excluding fees such as spread or overnight charges).

Final advice

Before investing, always compare brokers’ fees, platforms, and terms to find the best fit for your goals and trading style. Different brokers may offer varied commission structures, spreads, and levels of customer support. Ultimately, the right investment method—cash purchase or CFDs—depends on your personal objectives, appetite for risk, and investment horizon. To help you choose confidently, a comprehensive broker comparison is available further down the page.

Our 7 tips for buying Sky Network Television stock

The latest news about Sky Network Television

Sky Network Television's share price has risen 3.86% over the last week, outperforming the NZX index. This positive momentum follows several sessions of renewed investor confidence, with intraday gains of over 3% and a sustained upward trajectory over six months (+9.80%). The current price of NZD 2.69 brings Sky slightly below its 52-week high of NZD 2.99, demonstrating ongoing resilience even amidst operational challenges reported in its recent financial results.

Sky offers one of New Zealand's highest dividend yields at 7.85%, enhancing its appeal to income-focused investors. This robust payout is underpinned by a historically solid cash generation capability and a stable, low-beta profile (β=0.29), which suggests lower volatility relative to the market. The relatively modest price/earnings ratio of 19.79 provides further justification for its attractiveness in a local income portfolio, especially given persistent low interest rates and heightened volatility elsewhere in NZ capital markets.

Newly extended and exclusive sports broadcasting rights, including the 2025 British and Irish Lions Tour and a six-year renewal with New Zealand Cricket, reinforce Sky’s premium content portfolio. These agreements, alongside an extended partnership with Cricket Australia, secure high-visibility content streams that are expected to drive subscriber stability and support advertising revenues. The presence of premium live sports is a critical differentiator in the New Zealand market and continues to underpin customer loyalty for Sky’s pay TV and streaming products.

Sky's satellite migration project, while causing interim disruption and additional costs, is nearing completion and positions the company for operational improvement later in 2025. Management has flagged the finalisation of migration from the Optus D2 satellite as a catalyst for improved efficiency and reduced technical risk, despite short-term headwinds evidenced in first-half results. Market expectations remain that this project will unlock longer-term savings and customer experience enhancements, supporting margin recovery going into the 2026 financial year.

Despite softer near-term guidance and a reported half-year net loss, annual revenues remain stable and the outlook is steady to slightly optimistic among local analysts. First-half 2025 revenue slipped by 2% and EBITDA was 25% lower year on year—largely attributed to satellite migration expenses and softer consumer sentiment—yet full-year 2024 revenues and EBITDA showed marginal growth. Sky’s combination of a dominant market position, premium sports assets, and resilient cash flows means the company retains a constructive long-term profile, with the local professional community generally noting its capacity to recover as operational challenges subside.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.