Seven West Media Limited (AU:SWM) has released an update.
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Seven West Media Limited reported a challenging fiscal year 2024, with a 5% revenue drop to $1,415 million and EBITDA down by 33%, despite a slight audience increase and a stronger TV market share. The company’s net debt rose due to investment, though a cost reduction program initiated in the second half saved $25 million and promises further savings into FY25. Management remains focused on content-driven growth and improved digital revenue, looking to new sports contracts to bolster future earnings.
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