Key points
- FY26 revenue of $2.2B, up 3% on pcp
- EBITDA of $379M, up 17% on pcp
- Strong growth in digital subscription and streaming
- Portfolio transformation with acquisitions and divestments
- Net debt at $658M, leverage at 1.7x
Full summary
Nine Entertainment Co. Holdings Ltd announced its FY26 results, reporting a revenue of $2.2 billion, up 3% on a like-for-like basis, and EBITDA of $379 million, up 17%. The company saw strong growth in digital subscriptions and streaming, with Stan achieving another record result primarily driven by sports content. The company's portfolio transformation included the acquisition of QMS Media and divestments such as Nine Radio and Pedestrian Group. The net debt stood at $658 million with a leverage ratio of 1.7x, reflecting a disciplined approach to capital allocation. The company also introduced new metrics like EBITA, NPATA, and EPSA to provide a clearer view of underlying performance, excluding non-cash amortisation related to acquired site lease intangible assets.
Guidance
FY26 revenue $2.2B, EBITDA $378.8M, EBITA $235.3M, NPATA $147.2M, EPSA 9.3 cents
Outlook
Nine Entertainment Co. remains focused on growth through strategic initiatives, digital transformation, and cost efficiencies. The company expects to exceed its target of $160 million in annualised savings by FY27, with ongoing savings of approximately $70 million.