Some additional thoughts I shared on another forum for any of those who might still love me...
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If you look past all the fancy slides showing smaller churn for the satellite base and big growth rates for streaming...
The reality is that in the last 5 years Sky TV has only actually grown their customer base by 3.7% a year (They had 824,782 customers in 2017 and 990,761 in the last report).
THAT IS DESPITE DROPPING ARPU to $18/month for a big segement of their customers.
If you do the analysis from when they had peak customers in 2014 (before NETFLIX and streaming became a big thing, all revenue high ARPU satellite subs) then the growth rate for customers over the last 8 years has been 1.7% a year despite effectively giving consumers massive price decreases.
It's a tough gig, and as soon as the growth stops in streaming and the tide goes back out- Management are going to get caught swimming with no underwear.
Ann: FY2022 Full Year Results, page-59
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