Australia's Nine Entertainment rises on strong Q3 results, H2 outlook

Nine Entertainment Holdings

07/05/2025 03:40

** Nine Entertainment NEC.AX rises as much as 2.4% to A$1.515, highest since April 3

** Media firm says total TV advertising revenue rises ~8% y/y in March quarter

** Expects H2 publishing EBITDA to be broadly in line with H1, with ongoing strength in digital subscription revenue and improved H2 outlook, broadly balancing impacts of advertising seasonality

** Stock up 22.5% YTD

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))