Half Year 2025 Nine Entertainment Co Holdings Ltd Earnings Call Transcript
Key Points
- Nine Entertainment Co. Holdings Ltd (NNMTF) reported a 6% growth in digital revenue across the six months, driven by platforms like 9Now, Stan, Domain, and Drive.
- The company successfully delivered major events such as the Olympics, Paralympics, and the Melbourne Cup, generating over $160 million in revenue from the Olympics alone.
- Subscription and licensing revenue now account for more than 30% of total wholly owned revenue, with an 8% growth for the half.
- Nine Entertainment Co. Holdings Ltd (NNMTF) has embarked on a transformation program, 92,028, aimed at strategic and cultural transformation, focusing on cost efficiencies and revenue opportunities.
- The company announced a fully franked FY25 interim dividend, reflecting a strong financial position with a solid balance sheet and leverage of around 1.4 times EBITA.
- The absence of meta revenues and a challenging free-to-air advertising market posed headwinds to reported numbers.
- The cost base was higher this half due to the Olympics and Paralympics, impacting overall profitability.
- Print advertising declined by 14%, reflecting softness in the travel, business, and luxury goods sectors.
- The programmatic advertising market remains weak, affecting the publishing segment's performance.
- Radio broadcast advertising revenue is expected to decline in the low mid-single-digit percentage in the upcoming quarter.
(video playing)
Good morning everyone and thank you for joining us for our first half 2025 results briefing. I'm Matt Stanton, acting CEO of Nine Entertainment. Joining me here today is our acting CFO Graham Cassells.
I'd like to start off by acknowledging the traditional custodians of country throughout Australia and their connections to land, sea, and community. We pay our respects to their elders, past, present, and emerging, and extend that respect to all First Nations people today.
For myself, I am on the land of the Camarogal people of the EUR nation.
At 9, we remain focused on executing our strateshi by bringing together a unique suite of media assets to maximize the scale, diversity, and monetization potential of our audiences.
Through this latest half, we've continued to build on the foundations of this strategy. We've invested in our premium content slate and successfully delivered major events like the Olympics, Paralympics, and the Melbourne Cup, and award-winning
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