Nine Entertainment Co Holdings Limited (ASX: NEC)

Nine Entertainment Co. Holdings Limited is an Australia-based media company. It is focused on providing brands spanning news, business and finance, lifestyle, entertainment and sport. Its segments include Broadcasting, Digital and Publishing, Domain Group, and Stan.

Broadcast segment includes free to air television activities, 9Now and metropolitan radio networks in Australia. Its Digital and Publishing segment includes Nine Digital (Nine.com.au and other digital activities) and Metropolitan Media (metropolitan news, sport, lifestyle and business media across various platforms). Its Domain Group segment includes real estate media and services businesses.

Its Stan segment offers subscription video on demand service. Its assets include the 9Network, The Sydney Morning Herald, The Age and Australian Financial Review and digital properties such as nine.com.au, 9Honey, Pedestrian Group, and Drive, subscription video platform Stan, talk-back radio and investments in Domain and Future Women.

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REVENUE IN AUD (TTM)

2.67bn

NET INCOME IN AUD

97.60m

Year on year Nine Entertainment Co Holdings Ltd’s net income fell -38.82% from 297.14m to 181.81m despite flat revenues. A contributing factor has been an increase in the percentage of sales devoted to the cost of goods sold from 48.80% to 53.57%.