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Nine Entertainment Co. Holdings Limited (ASX:NEC)

ALERT: Price-sensitive ASX Announcement for NEC
Current share price for NEC : $0.880 -0.18 (-16.98%)+
Announcement
Release
24 Feb 2026 8:24AM
Price at Release
$1.060
Full Release
download
Summary
Nine Entertainment Co. Holdings Limited reported on its interim results for the first half of the financial year 2026 (H1 FY26). The presentation highlighted strong growth in digital and subscription revenues, driven significantly by its streaming platform Stan and digital publishing, despite a general decline in advertising revenues. The company achieved a 6% growth in Group EBITDA, attributing it to disciplined cost management and strategic restructuring efforts. These efforts include accelerating its strategic transformation with the acquisition of QMS Media, the sale of Nine Radio, and the restructuring of its regional TV assets to an affiliate model. Nine is also focusing on technological advancements, with initiatives using AI to improve various operational aspects. Publishing saw a digital revenue growth that outpaced declines in print, while Stan recorded a 15% revenue increase due to its sports offerings. The report emphasized Nine's focus on cost efficiencies to support growth investments and the positive impact of its operational momentum on business performance.
Key Points
  • Nine Entertainment Co. reported a 6% growth in Group EBITDA for H1 FY26.
  • Strong growth was observed in digital and subscription revenues, particularly from Stan and digital publishing.
  • There was a decline in advertising revenues, affecting overall revenue figures.
  • The company's strategic initiatives include the acquisition of QMS Media and the sale of Nine Radio.
  • Nine is restructuring its regional TV assets to an affiliate model.
  • AI is being utilized for operational improvements across customer support, sales, and content creation.
  • Publishing digital revenue growth outpaced print declines.
  • Stan recorded a 15% increase in revenue, driven by sports content.
  • Cost efficiencies are a focus, with significant savings targeted by FY27.
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.