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Nine Entertainment Co. Holdings (NEC) investor relations material
Nine Entertainment Co. Holdings Investor Presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic direction and growth focus
Strategy centers on creating value for consumers and advertisers through premium content, unique data, and integrated distribution platforms.
Accelerating diversification in monetization, including subscriptions, licensing, and transactions.
Emphasis on leveraging the scale and reach of the group, with disciplined investment in content, technology, and AI.
New operating model targets over $160m in annualized cost savings by FY27.
Bringing together streaming and broadcast assets to operate within a $12b video market, driving top-line growth and operational efficiencies.
Financial and revenue trends
Group revenue has grown at 2% CAGR over six years, with digital and subscription revenues increasing in importance.
Streaming revenue (Stan, 9Now) shows strong growth (+21% and +24% 6Y CAGR), offsetting broadcast advertising declines.
Publishing revenue is now 56% digital, with digital growth more than offsetting print declines since FY25.
AFR (Australian Financial Review) revenue has grown at 6% CAGR, with 84% of circulation/subscription revenue now digital.
Premium content remains highly demanded, with Total TV revenue up 17% YoY in FY25.
Market position and competitive advantages
Leading provider of content on connected TVs and publisher of metro/business titles.
Holds significant market share in both audience and revenue across broadcast, BVOD, and SVOD segments.
BVOD viewing for 25-54 exceeds Netflix and YouTube; Nine accounts for 19% of FTA viewing in this demographic.
Stan Sport's Premier League launch drove record engagement and subscriptions.
Publishing assets, especially AFR, are underappreciated by the market and deliver strong margins.
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