NEC Analysis: Q1 FY26 Trading Update

Event: Q1 FY26 Trading Update | Date: 2025-11-07 | Source: ASX Company Announcements

Q1 FY26 Update Shows Advertising Weakness Offset by Cost Discipline

Nine Entertainment Co. released its Q1 FY26 trading update on 7 November 2025, highlighting a challenging advertising environment with Total TV revenue declining in the mid-high single digits year-on-year. The company noted that the advertising market remained "soft and very short" through the Christmas period, although it maintained its expectation for H1 FY26 EBITDA growth over the prior year, supported by accelerated cost efficiencies. Key positives included continued Stan subscriber growth and digital subscription momentum in Publishing, with group-wide cost reductions expected to exceed A$100m across FY26-27. No formal financial statements were provided, but the update reaffirmed the company's strategic focus on core media assets post the August 2025 Domain divestiture. ASX Company Announcements.