Nine Entertainment Co. Holdings Limited (AU:NEC)
ASX:NEC
Want to see AU:NEC full AI Analyst Report?
Earnings Data
Report Date
Aug 26, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.02Last Year’s EPS
0.02Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a constructive and transformational picture: financials showed solid top-line scale and margin improvement (EBITDA +6%, NPAT +30%, EBITDA margin +~2ppt), strong streaming and publishing subscription growth (Stan record results, Drive marketplace growth), meaningful cost-out delivery and a strengthened balance sheet after the Domain proceeds and dividend. These positives were tempered by a weak advertising market that drove a 14% revenue decline in Total TV, continued soft digital advertising at mastheads, specific restructuring costs, and near-term uncertainty for Q4 trading and BVOD monetization. Strategic M&A (QMS), portfolio reorientation toward growth assets and early AI commercialization are notable upside drivers, while ad-market cyclicality and regulatory risks remain the main headwinds.Company Guidance
Group Financial Performance
Group revenue of $1.1 billion for the 6 months to December with reported group EBITDA of $201 million (including Radio/NBN/Darwin), up 6% year-on-year; on a continuing business basis EBITDA was $192 million, also up 6%.
Strong Profit and EPS Growth
Continuing business net profit after tax of $95 million, up 30% year-on-year; EPS of $0.06 per share, up 30%, and declaration of a $0.045 interim dividend.
Improved Margin and Cost Discipline
Group EBITDA margin increased by nearly 2 percentage points to 18.2%; cost removal of $43 million in the half (including $32 million of ongoing savings) with $92 million of the targeted $160 million three-year program delivered to date and a further $70 million expected to be removed across H2 FY26 into FY27.
Balance Sheet and Cash Position
Net position moved from $450 million net debt (1 July 2025) to $158 million in cash at 31 Dec 2025 (reflecting $720 million Domain proceeds net of tax and dividends); special fully franked dividend of $777 million paid; leverage expected to peak ~1.8x June 2026 and fall to target 1.0-1.5x by end FY27 following M&A and tax loss benefits.
Stan — Record Streaming Performance
Stan delivered a record H1 EBITDA of $37 million, up 24% year-on-year; Stan revenue up 15%; ARPU increased ~6%; average sports subscribers grew ~40% and Stan Sport recorded >200 million minutes viewed and record weekly users during the Winter Olympics.
Publishing and Drive Growth
Publishing reported H1 revenue $262 million and combined EBITDA $74 million (flat year-on-year); digital subscription revenue growth ~17% at mastheads; Drive Marketplaces revenue up 120% with dealer car listings +108%; digital revenues up 9% at metro mastheads/AFR and 32% at Drive.
Total TV Profit Resilience
Total TV delivered a broadly steady EBITDA of $99 million despite a 14% revenue decline (driven by prior-year Olympic comparatives), aided by $85 million reduction in Total TV costs (including $76 million net reduction in sports costs).
Strategic Portfolio Moves
Progress on strategic transformation: announced acquisition of QMS, sale of Nine Radio, restructuring of NBN and Nine Darwin — repositioning the company toward premium content, digital growth, subscriptions/licensing and higher-margin outdoor assets; estimated ~51% of current revenue and ~49% of EBITDA from growth assets, projected ~60% revenue and ~70% EBITDA pro forma FY27.
AI and Content Commercialization
Rollout of Gemini platform internally and early commercialization progress: signed two Australian corporates licensing Nine content for their in-house LLMs, with further pipeline opportunities; AI initiatives targeted to drive efficiency and new revenue streams.
Nine Entertainment Co. Holdings Limited (AU:NEC) Earnings, Revenues Date & History
AU:NEC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AU:NEC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 23, 2026 | AU$1.01 | AU$1.02 | +0.49% |
Aug 27, 2025 | AU$1.12 | AU$1.21 | +7.95% |
Feb 24, 2025 | AU$1.05 | AU$1.09 | +3.63% |
Aug 27, 2024 | AU$0.83 | AU$0.84 | +0.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Nine Entertainment Co. Holdings Limited (AU:NEC) report earnings?
Nine Entertainment Co. Holdings Limited (AU:NEC) is schdueled to report earning on Aug 26, 2026, TBA (Confirmed).
What is Nine Entertainment Co. Holdings Limited (AU:NEC) earnings time?
Nine Entertainment Co. Holdings Limited (AU:NEC) earnings time is at Aug 26, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Nine Entertainment Co. Holdings Limited stock?
The P/E ratio of Nine Entertainment Co. Holdings Limited is N/A.
What is AU:NEC EPS forecast?
AU:NEC EPS forecast for the fiscal quarter 2026 (Q4) is 0.02.