Wipeout: Nine share price drops after Domain exit

Tim Burrowes

September 12, 2025 10:55

Nine’s share price went through a record 35.9% wipeout on Thursday, taking almost $1bn off its market capitalisation.

However the change was expected, as the market revalued the stock after the sale of Domain to US real estate giant Costar. Yesterday was the date for Nine’s shares to go ex-dividend, which means that anybody who buys Nine shares from now on are not entitled to the special dividend from the Domain sale when it is paid out at the end of the month.

Nine’s new market cap is $1.7bn.

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Tim Burrowes

Tim Burrowes is the publisher of Mumbrella and Unmade. He co-founded Mumbrella in 2008 and sister title Unmade in 2021. He's worked in the UK, Middle East, Asia & Australia and has specialised in writing about the communications world for the last 25 years. He wrote the book Media Unmade, published in 2021, and became the presenter of MediaLand on ABC Radio National in 2025.

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Wipeout: Nine share price drops after Domain exit

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