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SEG — Sports Entertainment News Story

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Australia's Sports Entertainment rises after raising FY EBITDA outlook

BUZZ-Australia's Sports Entertainment rises after raising FY EBITDA outlook

** Shares of Australia's Sports Entertainment SEG.AX gain 6% to A$0.355, set for their biggest climb since June 15, if trend holds

** Sports media content firm says it expects underlying FY EBITDA of A$18 million, an improvement from previously issued guidance of A$15.6 million to A$16.5 million

** Adds Q4 outperformance was primarily driven by material upside delivered from the FIFA World Cup and sustained revenue growth across the media segment

** SEG up 38.3% YTD


(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.singhchundawat@thomsonreuters.com))

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