Nine expects total television earnings to grow 20%

Chris Pash
By Chris Pash | 4 May 2022
Credit: Oscar Sutton via Unsplash

Nine Entertainment, in a trading update to be presented today, says metro free-to-air television revenue grew 11% in the March quarter.

The media group, in a presentation to the Macquarie Australia Conference, says the TV ad market conditions remain strong.

The company expects free-to-air TV revenue to be strong in the June half, with EBITDA (earnings before interest, taxes, depreciation, and amortisation) growth of plus 10%.

In the full year to June, Nine expects total television EBITDA growth of more than 20%.

Radio. Nine continues to gain share in a recovering ad market with Martch quarter radio revenue growth of 6%.

Stan. Strong revenue momentum with full year EBITDA expected to be $25 million to $30 million but a lower second half reflecting timing of content investments, particularly sport.

Publishing. Ad markets buoyant. Growth driven by subscription and licensing. March quarter digital subscription revenue growth in the low double-digits. Full year Publishing EBITDA growth expected to be greater than $55 million. 

In February, Nine reported revenue of $1.3 billion, up 15%, and net profit after tax 18% higher at $213 million for the half year to December.

A slide form the Macquarie presentation:

nine trading update may 2022

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