Nine expects Total Television growth of more than 20% in FY22

Nine Entertainment Co. chief executive officer, Mike Sneesby will deliver a trading presentation at the Macquarie Australia Conference today, showing the TV ad market remains strong. 

The presentation deck, which has already been released ahead of the presentation, says Nine’s metro Free-To-Air (FTA) television revenue grew 11%, and the company expects even stronger FTA EBITDA growth in H2.

In the full year to June, Nine expects Total Television EBITDA growth of more than 20%, while 9Now revenue growth is expected to be close to 40%.

In Radio, Nine continues to gain share in a recovering ad market. Nine’s Radio revenue is expected to grow by 6% in Q3, while the Radio EBITDA in H2 FY22 is expected to be higher in H1 FY22.

For Stan, the company says its strong momentum continues, and says strong programming performance over Summer underpins subscriber performance. FY22 EBITDA is expected to be $25 to $30 million, with lower H2 reflecting timing of content investments, particularly, in the Sport category.

In Publishing, the company says growth is driven by subscription and licensing. In Q3 the company expects digital subscription revenue to grow in the low double-digits. Ad markets remain buoyant. FY22 Publishing EBITDA growth (on FY21) is expected to be $55 million or higher.

For Domain, the company expects a strong Q3 in the property market. Q3 residential depth revenue is expected to grow by 31%. FY22 ongoing cost increase in the low-teens, as per the company’s February update. The company says its focus is on accelerating its Marketplace strategy, while remaining committed to ongoing margin expansion.

In February, the company released its results for the six months to December 2021.

For the period, Nine reported revenue of $1.3 billion and a net profit after tax of $213 million, which included a post-tax specific item expense of $12 million.


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