• Continued growth in digital revenues, with digital now contributing more than 50% of total revenues
• Strong performance across key business units, including Streaming & Broadcast, Publishing, and Stan
• Accelerated strategic transformation, including acquisition of QMS Media and sale of Nine Radio

Nine Entertainment Co. has reported strong financial results for the first half of FY26, with Group EBITDA up 6% to $192 million and Group NPAT up 30% to $95.2 million. The company's digital revenues now contribute more than 50% of total revenues, with 4% growth in digital revenues despite the impact of the Olympics in the prior comparative period. The company's Streaming & Broadcast, Publishing, and Stan business units all delivered solid results, with Stan reporting a record result driven primarily by sports content. Nine has also made significant progress on its strategic initiatives, including the acquisition of the growing Outdoor business QMS Media, the sale of Nine Radio, and the conversion of remaining regional TV assets to an affiliate structure. The company is focused on growth in its key platforms of Streaming & Broadcast, Publishing, Outdoor, and Marketplaces, with these areas expected to contribute 70% of EBITDA by FY27. Nine continues to invest in cost efficiencies, with $43 million of costs removed in the half, of which $32 million is classified as ongoing. The company expects to deliver at least $160 million in annualized savings over the three years to the end of FY27.

Nine expects FY26 Total TV costs to decline in the mid single digits, equating to broadly flat underlying costs. Stan is expected to deliver solid EBITDA growth, with revenue growth more than offsetting higher costs associated with Stan Sport, primarily due to Premier League and Winter Olympics rights. The QMS Media acquisition is expected to be completed before the end of FY26.

Nine remains positive about the operational momentum in its business, underpinned by its core digital and subscription assets. The company expects to continue to see strong audience performance across its Streaming & Broadcast and Outdoor businesses, and solid EBITDA growth at Stan. Nine also intends to make further targeted investment in content and technology across its mastheads and Drive business to support longer-term growth.