Nine Entertainment earnings climb 17% as streaming nears majority of revenue
Underlying earnings grew 17% to $378.8 million, with streaming divisions expected to generate more than 60% of Nine's annual revenue.
Why it mattersInvestors need to know if Nine can make streaming profitable as traditional TV ad revenue declines. Cost cuts suggest the group is adjusting to compete with global platforms.
AustraliaNine owns most of Australia's major news outlets. Its streaming focus means readers and viewers should expect more investment in Australian content and Stan's competition with Netflix.
✓ Claims checked against the source and corrected before publish. checked 4 h ago
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