• Streaming and Broadcast revenue down 6%, Publishing revenue down 2%
• EBITDA up 6% to $192.2 million, driven by cost savings
• Announced acquisition of QMS Media for $850 million, sale of Nine Radio for $56 million

Nine Entertainment Co. Holdings Limited (ASX: NEC) today announced the results for the half year ended 31 December 2025 (H1 FY26). Streaming and Broadcast revenue decreased by 6% to $790.9 million, with Nine Network reporting a 14% revenue decline. 9Now revenue fell 16%, while Stan revenue increased 15%. Publishing revenue declined by 2% to $262.2 million. Group EBITDA from continuing operations before specific items increased by 6% to $192.2 million, reflecting cost savings initiatives and a one-off benefit from the finalisation of the Ben Roberts-Smith defamation case. Depreciation and Amortisation increased 5%, while Net Finance Costs decreased from $24.0 million to $6.1 million. The company paid a final FY25 dividend of 4.0 cents per share and a special dividend of 49.0 cents per share during the period. Subsequent to the period end, Nine announced the acquisition of QMS Media for $850 million, the sale of Nine Radio for $56 million, and the conversion of NBN Television and Darwin Television to affiliate arrangements with WIN. These transactions are expected to complete in FY26, subject to shareholder and regulatory approvals.

The company did not provide any specific forward-looking financial guidance or outlook in the announcement.