Key points
- FY26 Revenue: $2.2b, up 3%
- EBITDA: $379m, up 17%
- Strong growth in Streaming & Broadcast
- Significant portfolio rebalancing
- Strong cost performance
Full summary
Nine Entertainment Co. Holdings Ltd reported its FY26 financial results, showing revenue of $2.2b, up 3%, and EBITDA of $379m, up 17%. The company achieved these results through strategic moves, including acquisitions and divestments, focusing on growth and digital assets. Nine's Streaming & Broadcast segment saw growth, with Stan reporting a 16% increase in revenue and a 34% increase in EBITDA. The company also saw growth in its Outdoor division, with QMS contributing $55m of EBITDA in the three months it was owned. Despite challenges in the advertising market, Nine maintained strong cost performance, delivering $70m in cost efficiencies.
Guidance
FY27 EBITDA expected to exceed previous target of $160m
Outlook
Nine expects to exceed its three-year cost out target of $160m by end of FY27. The company will continue to invest in premium content and focus on opportunities to maximize the reach and commercialization of that content.