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Nine Entertainment Co. Holdings Limited (ASX:NEC)

ALERT: Price-sensitive ASX Announcement for NEC
Current share price for NEC : $0.975 0.04 (4.28%)+
Announcement
Release
5 May 2026 8:19AM
Price at Release
$0.935
Full Release
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Summary
The document provides a trading update from Nine Entertainment Co. Holdings Limited at the Macquarie Conference on 5th May 2026. NEC announced its strategic repositioning, which included the acquisition of QMS Media and the sale of Nine Radio, to enhance long-term growth and shareholder value. The update highlights that Nine had a strong Q3 with robust revenue driven by successful content performance, but Q4 is experiencing challenges due to market uncertainties. Total Television audiences have increased, and revenues grew in Q3 FY26. However, Q4 started weaker due to challenging advertising conditions. The company continues to focus on cost efficiencies, expecting a decrease in Total Television costs for FY26. Stan is projected to continue its strong EBITDA growth, while Nine Publishing saw a 15% growth in digital subscription revenues in Q3. There are concerns regarding higher distribution costs due to fuel prices and uncertainty about the future commercial arrangement with Google. QMS Media reported significant revenue growth, and NEC anticipates double-digit revenue growth for Q4 FY26. Nine's strategic pivot aims at a high-growth, digital-first portfolio, with ongoing efforts in cost management and premium content delivery.
Key Points
  • Nine's strategic repositioning includes the acquisition of QMS Media and the sale of Nine Radio.
  • Strong Q3 performance with revenue driven by content success.
  • Q4 faces market challenges affecting advertising revenues.
  • Total Television audience growth recorded, though Q4 starts softer.
  • Cost efficiencies aim to reduce TV costs by mid-high single digits in FY26.
  • Stan continues strong EBITDA growth.
  • Nine Publishing's digital subscriptions grew by 15% in Q3.
  • Uncertainty over future arrangements with Google due to government consultations.
  • QMS Media sees significant revenue growth, expecting double-digit growth in Q4.
  • Focus on a digital-first strategy with premium content and cost management.
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.