Nine Entertainment Co. Reports 17% EBITDA Growth and Record Performance for Stan Streaming Service in Fiscal 2026.
Australian media company Nine Entertainment Co. Holdings Limited announced a 17% increase in continuing business EBITDA to A$379 million for fiscal 2026, despite challenges in traditional broadcast advertising. Its streaming service, Stan, achieved a record result with EBITDA surging 34% to A$81 million, driven by a nearly 50% growth in Stan Sport subscribers. The company also highlighted a landmark AI agreement for news media content, indicating a strategic shift towards digital and streaming.
Want more?
Open NewsSnap.ai for the full app experience, including audio, personalization, and more news tools.