Australia's Sports Entertainment jumps on upgrading fiscal year outlook

Sports Entertainment

30/06/2025 03:50

** Shares of Sports Entertainment Group SEG.AX jump 11.1% to A$0.300, their highest level since Sept 13, 2024

** Stock on track for fourth consecutive session of gains, if trends hold

** SEG set for its strongest monthly pct gain since Jan 2018

** Sports management and media content firm upgrades FY25 EBITDA outlook from continuing operations to A$9 mln - A$10 mln ($6.53 mln)

** Co reported an EBITDA from continuing operations of A$6.5 in FY24

** About 100,198 shares change hands, 4.2x 30-day average

** Stock up 50% YTD, including current session's moves

($1 = 1.5314 Australian dollars)

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))