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An update from Sports Entertainment Group Limited ( (AU:SEG) ) is now available.
Sports Entertainment Group Limited has reported a strong start to FY26 with a 63% growth in underlying EBITDA compared to the previous year, marking September as the highest revenue month since a significant merger in 2018. The company has also provided an updated financial guidance, forecasting at least a 20% growth in EBITDA for FY26 and a year-end cash position between $30m and $35m. Additionally, SEG is progressing with its accelerated exit plan from the Perth Wildcats, having completed stage 2 of the sale and planning to finalize the remaining stages by March 2026. This strategic move is expected to impact the company’s capital management and operational focus.
The most recent analyst rating on (AU:SEG) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Sports Entertainment Group Limited stock, see the AU:SEG Stock Forecast page.
More about Sports Entertainment Group Limited
Sports Entertainment Group Limited operates in the sports entertainment industry, focusing on delivering a comprehensive range of sports-related content and services. The company is known for its ‘whole of sport’ strategy, which has been instrumental in driving its growth and market presence.
Average Trading Volume: 10,977
Technical Sentiment Signal: Buy
Current Market Cap: A$70.22M
See more insights into SEG stock on TipRanks’ Stock Analysis page.