Pay TV operator Sky Network TV said its net profit rose by 2 per cent to $122.8 million in the year to June 30.
Earnings before interest, tax, depreciation and amortisation increased by 4.5 per cent to $336m.
The company's total revenue rose by 5.8 per cent to $843m.
Sky's subscriber base grew by 17,510, or 2.1 per cent, to a new high of 846,931.
The subscriber base comprised 819,590 residential digital subscribers and 27,341 commercial and other subscribers. SKY is now in 49.4 per cent of New Zealand homes.