Australia's Nine Entertainment gains on Q1 rev growth

Nine Entertainment Holdings

07/11/2024 04:37

** Nine Entertainment  NEC.AX  rises as much as 1.83% to
A$1.115; set for strongest trading session since Oct. 21
    ** Media firm's digital subscription rev grows 14% in Q1,
exceeding estimates
    ** Advertising rev for the radio segment grew 6%, assisted
by rev from live audio streaming and digital segment
    ** However, co continues to expect higher costs from its
television operations in FY25
    ** Stock up 45.4% YTD

 (Reporting by Namrata Verma in Bengaluru)
 ((namrata.verma@thomsonreuters.com))