Revenue for April drops 29.8% across Nine’s broadcasting division

The impacts of the COVID-19 pandemic are being felt at Nine with the media company reporting a 29.8% drop in revenue for the month of April across its broadcast division. Moreso, May is likely to be worse again, warned the business in a presentation to the Macquarie Australia Conference.

However, there were some shining lights in the media company’s report, including a 13% rise in digital subscriptions for the calendar year to date and growth in broadcast video on demand (BVOD) and Stan.