Nine Entertainment Co. Holdings (ASX:NEC) said it expects further restructuring in the fiscal second half and fiscal year 2026, as it continues its strategic and cultural transformation, according to a Tuesday Australian bourse filing.
The changes will ensure optimal positioning for the firm into the future as well as maximize the efficiency of its cost base.
The firm expects further cost efficiencies through to the end of fiscal year 2027 of over AU$100 million, of which AU$10 million to AU$20 million is expected to be realized in the current fiscal year, on top of the previous guidance of AU$50 million.
Over the next few months, the firm will advance its plans to accelerate revenue growth from its assets, through additional content, subscription, and advertising opportunities.
The firm's shares rose 4% in early trading on Tuesday.
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