Seven West Media Says Fiscal H1 Revenue Pacing Down 6.5% Due to Olympics

MT Newswires Live

2024-11-07

Seven West Media (ASX:SWM) said revenue for the fiscal first half ending Dec. 31 is pacing down 6.5% amid mixed trading due to the Olympics, according to a Thursday filing with the Australian bourse.

At the company's annual general meeting, Chief Executive Officer Jeff Howard said underlying first-half revenue will be down by roughly 1% year on year when adjusting for one-off events.

He added that the company is on track to deliver a net cost reduction of AU$20 million to AU$30 million year on year.

Seven West's shares were up more than 1% in recent trade.

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