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Brisbane Broncos Limited ( (AU:BBL) ) has issued an announcement.
Brisbane Broncos Limited reported a net profit after tax of $5.7 million for the year ending December 31, 2024, marking a slight increase from the previous year. The company experienced an 8.5% rise in gross revenue to $81.6 million, driven by increased operating revenue, sponsorship, and interest income. Despite the main NRL team not reaching the finals, the Broncos maintained strong commercial performance, aided by high crowd attendance, merchandise sales, and an expanded NRLW season. The renewal of the Club Licence Agreement ensures the team’s participation in NRL competitions until 2034, supporting future growth and stability.
More about Brisbane Broncos Limited
Brisbane Broncos Limited operates in the professional sports industry, primarily focusing on rugby league. The company manages the Brisbane Broncos rugby league teams, competing in the National Rugby League (NRL) and National Rugby League Women’s (NRLW) competitions, with a market focus on sports entertainment, sponsorship, and community engagement.
YTD Price Performance: -0.53%
Average Trading Volume: 5,491
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$92.65M
For a thorough assessment of BBL stock, go to TipRanks’ Stock Analysis page.