Southern Cross Media Group (ASX:SXL) has released its financial results for the half-year ended Dec. 31, 2025, a period defined by the completion of its merger with Seven West Media on Jan. 7.
The report highlighted earnings growth within the company’s audio division alongside disciplined cost management.
Audio revenue rose 3.2% to $216.5 million, despite a 7% decline in the broader metro radio advertising market.
The performance was supported by a 2.3-point increase in metro radio revenue share and a 14% year-on-year growth in LiSTNR audiences, which now totals 2.5 million signed-up users.
The audio segment’s underlying EBITDA grew 28% to $40 million, while underlying NPAT saw a substantial increase of 252% to $12.8 million.
The Television and Publishing sector reported a total TV revenue share of 44.1%, a record for the Seven Network.
While revenue in this segment declined 2.1% to $712 million—impacted by a 10.1% market-wide downturn in TV advertising—digital growth remained strong.
Daily active users on 7plus increased by 26%, contributing to a 55% growth in 7plus audience share.
Operating expenses for the division rose 1.6%, which was lower than previous guidance, resulting in an underlying EBITDA of $67 million.
The figure represents a 27% decrease compared to the previous period but remains in line with annual general meeting targets.