Full Year 2025 Nine Entertainment Co Holdings Ltd Earnings Call Transcript
Key Points
- Nine Entertainment Co. Holdings Ltd (ASX:NEC) reported a 2% growth in group revenue, reaching $2.7 billion for the year.
- Digital revenue growth was strong, with a 6% increase, highlighting the company's successful transition towards digital platforms.
- Subscription revenues grew by 10%, driven by growth at Stan and digital subscription revenues at Publishing.
- The company successfully removed around $80 million of costs, with $60 million classified as ongoing savings.
- Nine's Total TV revenue grew by 3%, with a significant contribution from 9Now, which accounted for almost 20% of this revenue.
- The company faced a challenging first half, impacting overall performance despite improvements in the second half.
- Net profit after tax on minorities and before specific items was $166 million, with a statutory net profit of $133 million, impacted by specific item costs.
- The advertising market remains uncertain, with limited visibility into H2 FY26 conditions.
- Print advertising revenue declined by 10%, reflecting softness in several sectors including travel, retail, and luxury.
- Nine Audio's Q1 advertising revenues are expected to decline in the high single to low double-digit percentages.
(video playing)
Good morning, everyone. And thank you for joining us for our full-year 2025 results briefing. I'm Matt Stanton, CEO of Nine Entertainment, and joining me here today is our acting CFO, Graeme 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 Cammeraygal people of the Eora Nation.
Nine is incredibly well positioned, owning the preeminent content assets in Australian media, which are increasingly working together in ways that no one else can replicate. Working to maximize the breadth, depth and impact of our premium content, the uniqueness and usability of our data and the opportunities that this presents to advertisers.
Our business model continues to progress, as we focus on investing in the opportunities of
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