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Nine Entertainment FY26 revenue hits $2.19B
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Nine Entertainment FY26 revenue hits $2.19B

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  • Nine Entertainment reported continuing business revenue of $2.19 billion for the 2026 financial year.
  • Net profit after tax from continuing operations rose 7% to $142.4 million.
  • Strategic portfolio changes aim to derive around 70% of EBITDA from digital and growth assets by FY27.

Nine Entertainment (ASX:NEC) reported continuing business revenue of $2.19 billion for the 12 months ended June 30.

The top-line result reflects a 3% increase compared to the $2.13 billion revenue generated in the previous financial year.

"Our business is now more weighted towards growth assets – Streaming (Stan and 9Now), Outdoor and Digital Publishing – which are expected to contribute more than c60% of revenue and c70% of EBITDA in FY27," said Nine CEO Matt Stanton.

Nine's statutory net profit of $511 million includes a continuing business result, excluding specific items, of $142 million and a discontinued business result of $849 million, predominantly relating to the sale of Nine’s stake in Domain.

Continuing business EBITDA grew 17% to $378.8 million, while net profit after tax reached $142.4 million.

Following the announcement, the Nine Entertainment share price was unchanged at $0.98.

The business completed significant portfolio adjustments to reduce exposure to structurally challenged assets.

Management expects streaming, outdoor, and digital publishing assets to contribute around 60% of group revenue in FY27.

Nine is expecting double-digit pro forma EBITDA growth from QMS in FY27, over and above the c$9m of expected cost synergies from its integration with Nine.

"We expect to exceed our three-year cost-out target of $160 million by June FY27," noted Stanton.

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