BUZZ-Australia's Nine Entertainment gains on Q1 rev growth

Reuters
07 Nov 2024

** Nine Entertainment rises as much as 1.83% to A$1.115; set for strongest trading session since Oct. 21

** Media firm's digital subscription rev grows 14% in Q1, exceeding estimates

** Advertising rev for the radio segment grew 6%, assisted by rev from live audio streaming and digital segment

** However, co continues to expect higher costs from its television operations in FY25

** Stock up 45.4% YTD

(Reporting by Namrata Verma in Bengaluru)

((namrata.verma@thomsonreuters.com))

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