The latest update is out from Nine Entertainment Co. Holdings Limited ( (AU:NEC) ).
Nine Entertainment Co. reported its interim financial results for the six months ending December 31, 2024, with a revenue of $1.4 billion and a net profit after tax of $96 million. Despite a challenging economic and advertising environment, Nine achieved growth in streaming and broadcast audiences, particularly through its Olympic coverage, and saw an 8% increase in underlying subscription revenues. The company also delivered $35 million in cost efficiencies and declared an interim dividend of 3.5 cents per share. Nine’s leadership emphasized ongoing strategic and cultural transformation, aiming to maintain its influential position in the Australian media landscape.
More about Nine Entertainment Co. Holdings Limited
Nine Entertainment Co. Holdings Limited is a prominent Australian media company engaged in television broadcasting, digital publishing, and streaming services. It operates well-known platforms such as Nine Network, Stan, and Domain, focusing on delivering diverse content to Australian audiences.
YTD Price Performance: 40.08%
Average Trading Volume: 3,479,420
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$2.74B
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