Nine Entertainment’s shares rose 6% to $1.81 after the company reported results that outperformed market expectations.
Jarden equity analyst Tom Beadle described the outcome as a “strong result relative to expectations”, noting that net profit (before minorities) fell 12% to $166.1 million but still came in 9% ahead of consensus and 16% above Jarden’s forecasts.
He added that television was the only segment to miss consensus expectations, falling short by 3%, but performed 6% ahead of Jarden’s estimates on stronger-than-expected revenue. “We were concerned consensus TV estimates were too high,” Beadle said.
The company flagged limited visibility in the advertising market but maintained confidence that earnings before interest, taxes, depreciation and amortisation (EBITDA) would rise in the first half of FY26. “We currently have +23% growth in EBITDA in 1H26 – noting this is influenced by removal of Olympic-related costs in TV,” Beadle said. Digital subscription revenues, including streaming service Stan, were highlighted as strong contributors.
E&P Capital analyst Entcho Raykovski also noted that EBITDA of $486 million exceeded consensus forecasts of $478 million. “This is a solid result, but the company is facing tough comps in 1Q26 in TV,” he said.