Seven West Media’s full-year profit slashed in tough TV market

Seven West Media’s profit has been slashed by more than $60 million year-on-year in the 2023 financial year, as the group battles with a tough television ad market.

In its full-year earnings today, the media group posted $280 million in EBITDA (earnings before interest, taxes, depreciation and amortisation), an 18% decline compared to $342 million in 2022.

Early tradings on 16 August saw Seven West Media’s share price drop 7.5% to $0.37 after the earnings call.

Be a member to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Become a member

Get the latest media and marketing industry news (and views) direct to your inbox.

Sign up to the free Mumbrella newsletter now.

"*" indicates required fields

 

SUBSCRIBE

Sign up to our free daily update to get the latest in media and marketing.