Australia’s Nine Entertainment Posts $1.75 Billion Revenue
Australian Media Giant Nine Entertainment Co. Holdings Limited Reports Strong Financial Results for FY25
Nine Entertainment Co. Holdings Limited, a prominent Australian media company, has recently announced its financial results for the 12 months ending June 30. The company reported a total revenue of AUD2.7 billion ($1.75 billion) and a net profit after tax of AUD133 million ($86.3 million). These figures reflect the company’s continued success and growth in the media industry.
Financial Performance Highlights
The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) before specific items stood at $315.2 million, a 6% decrease compared to the previous year. However, the net profit after tax and minorities before specific items was $107.7 million, showcasing the company’s financial stability and profitability.
In the second half of the year, Nine saw an 8% growth in EBITDA, driven by strong performance in Total Television, the streaming service Stan, and the Publishing division. The company also experienced audience growth across its broadcast and streaming platforms, capturing around 20% of TV screen time in the market.
Business Expansion and Dividends
Nine’s coverage of major events like the Paris Olympics and Paralympics proved to be profitable, highlighting the success of its Integrated Audience Platform. The company declared a fully franked final dividend of $0.026 per share and a special dividend of $0.31 per share, both payable on September 26. The special dividend follows the sale of Nine’s 60% stake in Domain to CoStar, generating significant proceeds for the company.
Future Outlook and Strategic Initiatives
Looking ahead, Nine anticipates continued growth in its core digital and subscription assets, supporting EBITDA growth in the first half of the fiscal year 2026. The company has implemented cost efficiencies, targeting annualized savings of $97.3 million by fiscal year 2027. Management remains cautious about the advertising market conditions in the second half of the year.
Catherine West, Chair of Nine, emphasized the company’s diversified media presence and its strong connection with consumers and advertisers. The divestment of Domain allows Nine to focus on media assets where it has a competitive advantage. CEO Matt Stanton highlighted the profit growth in streaming and broadcast and the company’s strategic transformation program, Nine 2028, aimed at increasing operating effectiveness.
Overall, Nine Entertainment Co. Holdings Limited continues to strengthen its position in the Australian media landscape, delivering strong financial results and implementing strategic initiatives for future growth and success.
