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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Nine Entertainment Co.
Nine Entertainment Co. (NEC) investor relations material
Nine Entertainment Co. AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2026 summary5 Nov, 2026
Opening remarks and agenda
Hybrid AGM opened after quorum confirmation; voting was by poll, with online and in-room participation.
The Chair acknowledged the Cammeraygal people of the Eora Nation and traditional custodians across Australia.
Financial performance review
FY26 continuing-business revenue was $2.2B, up 3%; pro forma revenue was $2.4B, up 1%. Continuing-business NPATA was $147M, up 11%, and EBITDA was $379M, up 17%, with a 17.3% margin, up 2.0 points.
Reported EBITDA was AUD 334.9M, 95.9% of the board’s AUD 349.1M target; pro forma EBITDA was $516M, up 6%, with a 21.4% margin, up 1.0 point. EPSA was 9.3c, up 11%.
QMS pro forma revenue and EBITDA grew 15% and 18%; Outdoor revenue and digital publishing subscription revenue each grew 15%, Stan EBITDA grew 34%, and Total TV costs fell 8%.
Around AUD 105M of costs were removed; net debt was $658M, with 1.7x leverage.
Board and executive committee updates
Peter Tonagh addressed his first AGM as Chair; Mandy Pattinson was unable to attend. Chris Halios-Lewis and Leigh Terry sought approval following board appointments in March and August 2026.
Halios-Lewis cited two decades of media operating, strategy, finance and board experience; Terry brought over 25 years in media, advertising and marketing.
The board plans to strengthen director education, including ongoing learning on AI, following shareholder feedback.
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Latest events from Nine Entertainment Co.
- Strong FY26 growth in digital, outdoor, and streaming, with further gains expected in FY27.NEC
H2 2026 - QMS integration drives digital growth, market leadership, and a unique cross-platform media offering.NECInvestor presentation
- Sale of regional TV assets to WIN aligns with digital strategy; voting results pending ASX notice.NECAGM 2026
- Digital-led growth, outdoor expansion, and strong audience engagement drive performance.NECInvestor presentation
- EBITDA up 6%, net profit and cash surge, led by digital and subscription growth.NECH1 2026
- Revenue up 2%, digital growth, leadership transition, and special dividend announced.NECAGM 2025
- Revenue up 2%, EBITDA $486M, $1.4B Domain sale enables special dividend and digital growth.NECH2 2025
- Digital and subscription growth, cost savings, and Olympics drive FY25 optimism.NECH2 2024
- EBITDA fell 15% on flat revenue as digital and streaming growth offset ad market weakness.NECH1 2025
Next Nine Entertainment Co. earnings date
H1 202723 Feb, 2027
Nine Entertainment Co.
Next Nine Entertainment Co. earnings date
H1 202723 Feb, 2027
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Frequently asked questions
Nine Entertainment Co. Holdings Limited (NEC) is an Australian media company with a broad spectrum of operations that span news, sports, lifestyle, and entertainment sectors. Its business is organized into four main segments: Broadcasting, Digital and Publishing, Domain Group, and Stan. The Broadcasting segment is known for its free-to-air television activities, including 9Now and metropolitan radio networks across Australia. The Digital and Publishing segment encompasses Nine Digital (which includes Nine.com.au and other digital activities) and Metropolitan Media, offering a variety of news, sports, lifestyle, and business media across multiple platforms. The Domain Group focuses on real estate, media, and services businesses, while the Stan segment operates a subscription video on demand service. The company is headquartered in North Sydney, Australia, and its shares are listed on the Australian Securities Exchange.