Content and data to underpin Nine growth

Original article by Max Mason
The Australian Financial Review – Page: 21 : 24-Aug-18

Nine Entertainment Company has posted a 2017-18 underlying net profit of $156.7m, which is 26.8 per cent higher than previously. Underlying EBITDA was up 25.1 per cent at $257.2m and revenue rose 6.5 per cent to $1.3bn. Nine boasted a 38.6 per cent share of free-to-air metropolitan advertising revenue in 2017-18, ahead of Seven West Media with a 38.1 per cent share. Nine CEO Hugh Marks is upbeat about the media group’s outlook, highlighting its capabilities in delivering content across media platforms and targeted advertising via its addressable TV technology.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE NETWORK AUSTRALIA LIMITED, 9NOW, STAN ENTERTAINMENT PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, FAIRFAX MEDIA LIMITED – ASX FXJ, WILSON ASSET MANAGEMENT

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s