Nine Entertainment Co. Holdings Limited (ASX: NEC)

Australia flag Australia · Delayed Price · Currency is AUD
1.270
+0.025 (2.01%)
Nov 21, 2024, 4:10 PM AEST
-35.20%
Market Cap 2.01B
Revenue (ttm) 2.63B
Net Income (ttm) 110.90M
Shares Out 1.58B
EPS (ttm) 0.07
PE Ratio 18.50
Forward PE 14.74
Dividend 0.09 (6.85%)
Ex-Dividend Date Sep 12, 2024
Volume 4,509,882
Open 1.255
Previous Close 1.245
Day's Range 1.245 - 1.272
52-Week Range 1.065 - 2.060
Beta 1.07
Analysts n/a
Price Target n/a
Earnings Date Feb 25, 2025

About NEC

Nine Entertainment Co. Holdings Limited engages in the broadcasting and program production businesses across free to air television, video on demand, and metropolitan radio networks in Australia. It operates through Broadcasting, Digital and Publishing, Domain Group, and Stan segments. The company provides television services under the brands, including 9Network, Channel 9, 9Gem, 9Go!, 9Life, and 9Rush; video on demand platform under 9Now brand; radio stations under 2GB, 3AW, 4BC, and 6PR brands; and publishes newspapers, news-inserted magazine... [Read more]

Industry Entertainment
Founded 1956
Employees 3,350
Stock Exchange Australian Securities Exchange
Ticker Symbol NEC
Full Company Profile

Financial Performance

In 2024, NEC's revenue was 2.63 billion, a decrease of -2.76% compared to the previous year's 2.70 billion. Earnings were 110.90 million, a decrease of -39.00%.

Financial Statements

News

Nine Entertainment to slash $100m in costs amid reckoning over bullying and harassment

‘There will be change at Nine and individuals will be held to account for behaviour of this nature’ acting CEO tells AGM Follow our Australia news live blog for latest updates Get our breaking news em...

14 days ago - The Guardian

Nine tells staff it will act on ‘abuse of power’, ‘bullying’ and ‘sexual harassment’ allegations laid bare in report

One former staffer says ‘the messaging is platitudes’ unless management acts to remove alleged perpetrators from the media company Follow our Australia news live blog for latest updates Get our breaki...

4 weeks ago - The Guardian

Nine staff hire lawyers after report finds some leaders attempted to cover up inappropriate workplace behaviour

Sources say ‘a lot of complaints’ about individuals are being investigated and if upheld people may be sacked Follow our Australia news live blog for latest updates Get our breaking news email , free ...

4 weeks ago - The Guardian

Afternoon Update: Labor rules out negative gearing changes; fans mourn Liam Payne; and the bid to bring back the thylacine

Want to get this in your inbox every weekday? Sign up for the Afternoon Update here , and start your day with our Morning Mail newsletter . Welcome, readers, to Afternoon Update. The Albanese governme...

5 weeks ago - The Guardian

Nine apologises unreservedly after bombshell report reveals systemic bullying and harassment

Nine board commits to implementing all recommendations for a ‘reset of culture’ Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Nine...

5 weeks ago - The Guardian

Billionaire Bruce Gordon retires from WIN as succession questions loom

The future of billionaire Bruce Gordon’s expansive estate – regional broadcaster WIN, 25 per cent of Nine Entertainment, and countless properties – is anyone’s guess.

7 weeks ago - The Australian Financial Review

Nine CEO to Leave Ahead of Report on Media Group’s Workplace Culture

Nine Entertainment CEO Mike Sneesby will step down at the end of the month ahead of the release of an independent review into the Australian media conglomerate's workplace culture. (WSJ)

2 months ago - Adweek

Exit signs: a timeline of Nine Entertainment’s annus horribilis

CEO Mike Sneesby is the latest executive to step down in a tumultuous year that saw striking staff and plummeting profits Follow our Australia news live blog for latest updates Get our breaking news e...

2 months ago - The Guardian

Nine Entertainment CEO Mike Sneesby to Depart Amid Turbulent Year and Leadership Shake-Up

Mike Sneesby, Chief Executive of Nine Entertainment, is set to step down within weeks following a challenging year for the company marked by allegations of misconduct and bullying in its newsrooms. Th...

2 months ago - CEOWORLD magazine

Nine CEO to Leave Ahead of Report on Media Group's Workplace Culture

Nine Entertainment Chief Executive Mike Sneesby will step down at the end of the month ahead of the release of an independent review into the Australian media conglomerate’s workplace culture.

2 months ago - The Wall Street Journal

Nine CEO Mike Sneesby quits following months of pressure over allegations of toxic culture

Sneesby’s departure comes after news director Darren Wick abruptly left Nine in March and chairman Peter Costello resigned in June Follow our Australia news live blog for latest updates Get our breaki...

2 months ago - The Guardian

Nine CEO Sneesby Steps Down After Years-Long Share Price Crater

Nine Entertainment Co. Chief Executive Officer Mike Sneesby stepped down after 3 1/2-years at the helm, leaving the broadcaster and publisher struggling with a plummeting share price and a tepid adver...

2 months ago - BNN Bloomberg

Mike Sneesby steps down as Nine Entertainment chief executive

His resignation comes at a critical time for the media giant, which is conducting a review into workplace culture while juggling a decline in advertising.

2 months ago - The Australian Financial Review

Nine executives’ bonuses take a hit as profits plummet 31% in soft ad market

Drop in revenue in broadcasting and publishing partly offset by increase in income from Stan and Domain Follow our Australia news live blog for latest updates Get our breaking news email , free app or...

3 months ago - The Guardian

Bread, milk, MAFS? Media giants want supermarkets to hire them

Nine Entertainment and oOh!media are pitching to work with IGA owner Metcash. Why? To capture some of an emerging market growing to $2.8b by 2027.

3 months ago - The Australian Financial Review

Senior journalists leave Sydney Morning Herald, Age and AFR in decade’s biggest talent exodus

Up to 85 staff take a voluntary redundancy after Nine newspapers announced it was cutting 200 jobs Follow our Australia news live blog for latest updates Get our morning and afternoon news emails , fr...

3 months ago - The Guardian

Future Group joins campaign to ban gambling ads

Ethical investment groups Ethinvest and Future Group are backing an investor campaign to stop media giants Seven West and Nine Entertainment from running gambling ads.

3 months ago - Financial Standard

REA’s success exposes shrinking Domain

The growth engine for Nine Entertainment, property classifieds platform Domain, has not been firing – and is losing ground to News Corp-controlled REA Group.

3 months ago - The Australian Financial Review