9Now and Stan shine in strong financial results for Nine

Zoe Samios

February 22, 2018 10:59

Nine’s profits and earnings before interest, tax, depreciation and amortisation (EBITDA) have grown by more than 50% with 9Now’s revenue growing 86%, the company announced this morning in its half year financial report.

The media company attributed part of its growth to a strong showing by online platform 9Now as well as its premium video service Stan with half year revenue up $720m, up 9% compared to the year prior.

Nine boss Hugh Marks is impressed with the results, says there’s still more to do

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Zoe Samios

Zoe Samios worked at Mumbrella between 2016 and 2019, finishing up as senior media reporter in March 2019.

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1 COMMENTS

Roberto 22 Feb 18

Great to hear Stan is doing well! competing against the behemoth that’s Netflix not an easy thing – but they have really carved out a niche, and a high quality offering. Good work Nine and FFX! – all the way from 2 Holt St.

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