InvestSMART

Nine Entertainment Co. Holdings Limited (ASX:NEC)

ALERT: Price-sensitive ASX Announcement for NEC
Current share price for NEC : $0.985 -0.155 (-13.60%)+
Announcement
Release
7 Nov 2025 9:08AM
Price at Release
$1.140
Full Release
download
Summary
On 7 November 2025, Nine Entertainment Co. Holdings Limited provided a trading update highlighting several key financial aspects. The company reported ongoing digital subscription revenue growth in the mid-teens percentage for Nine Publishing, which is expected to continue into the second quarter. The recent Premier League deal is anticipated to drive further EBITDA growth for Stan in FY26, with revenue increases expected to exceed rising costs. Despite the impact of the previous year's Paris Summer Games on TV comparables, Nine noted a challenging advertising market with Total TV revenues declining in September and October. Cost efficiencies are being pursued, with a projected decline in Total Television costs for FY26. Nine Audio's advertising revenues were weaker than expected, prompting cost-saving measures. The company projects EBITDA growth in H1 FY26 compared to H1 FY25, supported by cost efficiencies and the resolution of the Ben Roberts-Smith appeal. Nine plans over $100 million in underlying cost reductions for FY26 and FY27, surpassing the initially guided $90 million. The company is focusing on organic investments and strategic objectives to mitigate advertising market softness.
Key Points
  • Digital subscription revenue growth in mid-teens percentage for Nine Publishing.
  • Premier League deal expected to boost Stan's EBITDA growth in FY26.
  • Advertising market remains challenging with a decline in Total TV revenues.
  • Pursuing incremental cost efficiencies to reduce Total Television costs.
  • Nine Audio's weaker-than-expected advertising revenues prompt cost initiatives.
  • Expected EBITDA growth in H1 FY26 compared to H1 FY25.
  • Over $100 million in planned cost reductions for FY26 and FY27.
  • Focus on organic investments and strategic objectives to counter advertising softness.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.