Seven’s 40% earnings drop ‘reflects the weakness in advertising markets’
Seven West Media has reported a 40% drop in earnings for the first half of a challenging FY24, with net profits down 49%.
SWM reported group revenue of $775 million for the final six months of calendar 2023, a modest 5% drop on the previous corresponding period.
OOH, social and OLV seem to be doing alright, maybe it’s not the market.
Keep rolling out Australian Idol. Surely that will fix it.
I find it hilarious that JW thinks total TV will bounce back when err evidence shows it isn’t.
“We think all of a sudden people will abandon their streaming services and devices and plug their free-to-air aerial back in”
No one’s buying it Seven
I just read the Warburton quotes.
Is English not his first language ?