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Asia

Market Chatter: Nine Entertainment's Stan Sport Platform Sees 10% Decline in Subscribers

Nine Entertainment's (ASX:NEC) Stan Sport streaming service lost nearly 10% of its subscribers over the last 12 months, bringing into question the merits of its six-year extension to the Australian broadcast rights for the English Premier League competition, The Australian reported Sunday, citing internal Stan documents.The number of Stan Sport subscribers declined to about 730,000 this month from a peak of 800,000 in September 2025, with Nine Entertainment's share price reaching a record low of AU$0.77 on Sept. 11, according to the report.Anonymous senior industry executives told the new outlet that Nine effectively "bet against itself" in deciding to renew the broadcast rights since there was no official tender process and no other parties expressed interest.Nine Entertainment did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:NEC
Asia

Nine Entertainment Extends Australian Premier League Rights Deal Through 2034

Nine Entertainment (ASX:NEC) has extended its Australian Premier League rights deal through the 2033 to 2034 season, from the previous 2028 to 2029 season, retaining all broadcast and streaming rights, primarily through Stan, according to a Thursday Australian bourse filing.The rights fee is expected to remain broadly in line with fiscal 2028 initially, before increasing at around a 3% compound annual growth rate over the contract term, per the filing.The renewal provides long-term certainty for Stan Sport, with its Premier League rights contributing to a 50% increase in average sports subscribers over the past year.The company expects the loss of Optus contributions to increase Stan's costs, but believes this will be offset by removing legacy Optus subscriber discounts and implementing other cost and revenue initiatives, the filing said.Meanwhile, Stan's earnings before interest, taxes, depreciation, and amortization have more than doubled, rising to AU$81 million in fiscal 2026 from AU$40 million in fiscal 2021, the filing added.

ASX:NEC
Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Tuesday.4DMedical (ASX:4DX): -4%, AU$3.38IperionX (ASX:IPX): -4%, AU$3.01Domino's Pizza Enterprises (ASX:DMP): -3%, AU$19.58Nine Entertainment (ASX:NEC): -3%, AU$0.86Sims Metal Management (ASX:SGM): -3%, AU$24.40Elders (ASX:ELD): -3%, AU$6.51Dicker Data (ASX:DDR): -3%, AU$14.35HMC Capital (ASX:HMC): -2%, AU$3.30Judocaphol (ASX:JDO): -2%, AU$1.04NEXTDC (ASX:NXT): -2%, AU$12.47

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Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Friday.Nine Entertainment (ASX:NEC): -5%, AU$0.95Nufarm (ASX:NUF): -4%, AU$3.14IGO (ASX:IGO): -4%, AU$8.10Pilbara Minerals (ASX:PLS): -3%, AU$5.03GrainCorp (ASX:GNC): -3%, AU$6.82Tamboran Resources (ASX:TBN): -3%, AU$0.28Xero (ASX:XRO): -3%, AU$78.56Elevra Lithium (ASX:ELV): -3%, AU$7.68Mineral Resources (ASX:MIN): -2%, AU$61.79Dyno Nobel (ASX:DNL): -2%, AU$3.81

ASX 200ASX:DNLASX:ELVASX:GNCASX:IGOASX:MINASX:NECASX:NUFASX:PLSASX:TBNASX:XRO
Asia

Nine Entertainment Says Billionaire Bruce Gordon Ups Stake

Nine Entertainment (ASX:NEC) said billionaire Bruce Gordon, Birketu, WIN, and their associates increased their stake in the company on Sept. 1 to 25.94% or 411.4 million shares from 22.98% or 364.3 million shares, according to a Friday Australian bourse filing.

ASX:NEC
Asia

Nine Entertainment Says WIN Group Lifts Stake

Nine Entertainment (ASX:NEC) received notice that WIN Group and its affiliates increased their holdings in the company to 25.94% from 22.98%, according to a Friday Australian bourse filing.WIN Group now owns 411.4 million shares in the company, the filing said.

ASX:NEC
Asia

Nine Entertainment Growth Assets Offset Legacy Media Headwinds, Jefferies Says

Nine Entertainment (ASX:NEC) is positioned for 2% to 5% annualized adjusted earnings per share growth over the next three years, with growth in Stan and QMS expected to offset structural weakness in broadcasting and publishing, Jefferies said in a Wednesday note.Jefferies said Stan and QMS now account for 62% of the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) before corporate costs.The investment firm noted that July Standard Media Index data showed metro free-to-air TV advertising fell 4.1% year over year, while newspaper advertising declined over 16%, offset by a 1.6% rise in outdoor advertising, including a 7.1% increase in QMS billboards.QMS revenue is forecast to grow 16% in fiscal 2027, supported by new sites and contract wins, with additional upside from Chinese electric vehicle advertising, Metcash's retail-media rollout and cross-selling opportunities.Jefferies sees upside for Stan from a full second season of Premier League content, subscriber growth, recent price increases and the launch of its new ad-supported tier, with potential further gains from higher average revenue per user and advertising revenue.It highlights upside in broadcast video on demand and publishing, while keeping fiscal 2027 to fiscal 2029 EBITDA broadly unchanged and lifting fiscal 2027 net profit after tax 18% after adding back amortization of acquired intangibles.Jefferies reaffirmed a buy rating on Nine Entertainment with a price target of AU$1.40.

ASX:NEC
Asia

Nine Entertainment Fiscal 2026 Non-IFRS Earnings, Revenue Up

Nine Entertainment (ASX:NEC) logged AU$0.622 in non-IFRS earnings per share for the fiscal 2026, compared with AU$0.105 a year ago, a Wednesday filing showed.For the 12 months ended June 30, revenue was AU$2.2 billion versus AU$2.13 billion previously, the Australia-listed media and entertainment company added.The board declared a final dividend of AU$0.03 per share, down from AU$0.04 a year earlier, payable Oct. 22 to shareholders on record as of Sept. 11.

ASX:NEC
Asia

Nine Entertainment Reaches Agreement with Microsoft to Allow AI Access to Content, Shares Jump 3%

Nine Entertainment Co. Holdings (ASX:NEC) reached an agreement with Microsoft allowing Microsoft Copilot to reference the text of Nine's masthead content, beyond paywalled previews, during artificial intelligence searches to contextualize and "ground" outputs, according to a Friday statement.The agreement covers content from across Nine's mastheads, including The Australian Financial Review, The Sydney Morning Herald, The Age, Brisbane Times, and WAToday.Copilot will display snippets, headlines, and summaries from Nine's content and will direct audiences to Nine's mastheads for the complete story.Its shares rose 3% in recent trading on Friday.

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Asia

Nine Entertainment's QMS Unit Strikes Retail Media Network Partnership With Metcash

Nine Entertainment (ASX:NEC) said it QMS advertising and digital billboard business struck an agreement to represent Metcash's (ASX:MTS) LocalEyes retail media network across Australia, according to a Monday statement.The agreement is effective Sept. 1 and includes an initial 860 digital screens across Metcash's food, liquor and hardware network.Nine Entertainment shares fell nearly 1% in recent Monday trade, while Metcash shed over 2%.

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Asia

Market Chatter: Nine Entertainment Faces Potential Rival Bid From Amazon's Prime Video for NRL Coverage, AFR Reports

Nine Entertainment (ASX:NEC) is facing a potential rival bid from Amazon's Prime Video for streaming rights to National Rugby League (NRL) matches, with Amazon in talks with NRL to carry one night of coverage and up to two games per week, the Australian Financial Review reported Thursday, citing two unnamed people close to the discussions.Foxtel, another rival bidder of Nine, has offered between AU$550 million and AU$590 million annually under a seven-year deal, while Nine, which is also the publisher of AFR, offered between AU$520 million and AU$550 million a year for rights to broadcast games on its television network and Stan, the report added.Nine, Amazon, and Foxtel did not immediately respond to' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:NEC
Asia

QMS Has 'Strong Momentum' Under Nine Entertainment Ownership, Faces 5% Downgrade to Fiscal Year 2026 Pro-Forma EBITDA Forecast, Jefferies Says

QMS had a 'strong momentum' under Nine Entertainment (ASX:NEC) ownership, but short-term impacts are driving a 5% downgrade to fiscal year 2026 pro-forma earnings before interest, taxes, depreciation, and amortization (EBITDA) forecast, according to a Monday note by Jefferies.The downgrade was driven by a weaker ad market, intentional delays of the AKL transport contract roll-out, and a weaker New Zealand dollar.However, overall, fiscal year 2026 pro-forma EBITDA is up 12% to 15% year-over-year. QMS is performing well under Nine Entertainment's ownership with strong client relationships. Jefferies believes that QMS can grow revenue by double digits in fiscal year 2027, as it is growing ahead of the market.Jefferies has a buy rating on Nine Entertainment with a raised price target of AU$1.40 per share from AU$1.30 per share previously.

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Asia

Vinyl Group Completes Acquisition of Pedestrian Group From Nine Entertainment Unit

Vinyl Group (ASX:VNL) completed its acquisition of 100% of Pedestrian Group from Nine Digital, a subsidiary of Nine Entertainment (ASX:NEC), according to an Australian bourse filing on Monday after market hours.The transaction was completed for a nominal amount and did not include the issuance of the company shares, the assumption of any debt, or the obligation to make ongoing royalty payments, the filing said.Pedestrian Group will now join Vinyl Media, expanding Vinyl Media's reach across youth, culture, entertainment, and digital media, the filing added.

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Asia

Market Chatter: Nine Entertainment Rival Foxtel Offers Multi-Billion Bid for NRL Rights, AFR Says

Nine Entertainment (ASX:NEC) rival Foxtel has offered to buy rights to the National Rugby League (NRL) for seven years in a multi-billion-dollar proposal, according to a Friday report by the Australian Financial Review (AFR), citing two sources with knowledge of the discussions.The report said that the bid would divide free-to-air coverage of the sport across two television networks, as under the proposal, Foxtel would acquire the rights in full and sublicense them to Southern Cross Media (ASX:SXL), the owner of the Seven Network, and Paramount, the owner of Network Ten.Under the arrangement, Seven will broadcast Sunday and Monday matches as well as State of Origin, Ten will cover Thursday and Friday nights, and Foxtel and its streaming service Kayo Sports will hold the streaming rights, the report added.Nine, which is also the publisher of AFR, previously proposed an offer valued at between AU$550 million and AU$600 million annually, bringing the total over five years to around AU$3 billion, the report added.AFR reported its sources did not specify an annual figure for Foxtel's offer, though they said the total exceeded Nine's competing bid. The amounts Southern Cross and Paramount would pay Foxtel for their share of the television rights were not disclosed either.Nine did not respond to' email request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:NECASX:SXL
Asia

Vinyl Group to Acquire Pedestrian Group From Nine Entertainment Unit

Vinyl Group (ASX:VNL) is set to acquire 100% of Pedestrian Group from Nine Digital, a subsidiary of Nine Entertainment (ASX:NEC), in a non-cash transaction structured without scrip issuance or ongoing royalty obligations, according to a Tuesday filing with the Australian bourse.Completion is expected on June 15, after which the company will take full operational control and implement a restructuring projected to contribute around AU$600,000 to AU$800,000 in pro forma earnings before interest, taxes, depreciation, and amortization in fiscal 2027, per the filing.The acquisition broadens Vinyl Media's presence in youth, entertainment, and culture-driven digital media, increasing its reach to about 53% of Australians online, the filing added.

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Asia

Australian Shares Flat; SRG Global Discloses AU$1.85 Billion of Contracts, Upgrades Fiscal 2026 EBITDA Outlook

Australian shares were again flat, with a negative bias, on Tuesday amid investor anxiety over the course of ceasefire negotiations between the US and Iran.The S&P/ASX 200 Index was little changed to close at 8,724.40.Media reports said that Iran had halted indirect negotiations with ​the US. US President Donald Trump said talks were moving forward at a rapid pace.Brent crude oil futures were trading above $94 per barrel.On the domestic front, Australia's Fair Work Commission approved a 4.75% wage increase.The country's seasonally adjusted company gross operating profits decreased 1.3% in the March quarter compared with the December 2025 quarter and rose 3.2% compared with the prior corresponding period, according to a report by the Australian Bureau of Statistics (ABS).Seasonally adjusted data revealed that the total number of dwellings approved in Australia fell 3.4% to 16,710 in April from 17,307 in the previous month, figures from the ABS showed.Australian consumer confidence rose 2.7 points in the week of May 25 to 31 to 68.8 points, its highest level since early March, according to ANZ Research. Despite the rise, confidence remains 17.5 points below the 2025 average.In company news, SRG Global (ASX:SRG) upgraded its fiscal 2026 guidance after securing AU$1.85 billion of contracts with blue-chip clients in a range of sectors. The company raised its fiscal 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) forecast to the top end of its previously issued AU$164 million to AU$168 million range, while initiating fiscal 2027 EBITDA guidance of between AU$190 million and AU$200 million.Tasmea (ASX:TEA) struck a deal to acquire specialist electrical contractor Maxim Group Australia for up to AU$254 million. The company said Maxim has an identified pipeline in excess of AU$1.3 billion, which provides full revenue visibility for fiscal 2027 and about 85% revenue visibility for fiscal 2028.Nine Entertainment Co. Holdings (ASX:NEC) completed the sale of its regional television assets, NBN and Nine Darwin, for a total cash consideration of AU$20.5 million, converting them from wholly-owned businesses to affiliates to be owned and operated by WIN Network.

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Asia

Advertising Spending in Australia Falls in April, Jefferies Says

Advertising spending in Australia fell nearly 12% year on year to AU$634 million in April based on Standard Media Index data, compared with the same period last year, when ad spend was boosted by the federal election, Jefferies said in a Monday note.The market decline was 5.5% year on year, excluding the impact of the federal election.Outdoor advertising proved to be the "most defensive" ad category, with underlying figures up 0.8% year on year, as billboard and street furniture segments grow.The positive outdoor trend should alleviate concerns about the outlook for Nine Entertainment Co.'s (ASX:NEC) recently acquired billboard business, QMS, which is expected to hit double-digit growth in the fourth quarter of the year, Jefferies said.Additionally, there were reports suggesting Foxtel may partner with Seven or Ten to bid for the National Rugby League broadcasting rights, but Jefferies believes it is unlikely, with Seven broadcasting the Australian Football League and Ten facing financial pressure.

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Asia

Nine Entertainment Completes AU$21 Million Sale of Regional Television Assets

Nine Entertainment Co. Holdings (ASX:NEC) completed the sale of its regional television assets NBN and Nine Darwin for a total cash consideration of AU$20.5 million, converting them from wholly-owned businesses to affiliates to be owned and operated by WIN Network, according to a Tuesday Australian bourse filing.Nine will also realize cash tax benefits through the crystallization of around AU$100 million of tax losses associated with these assets.WIN will broadcast Nine's content across Northern New South Wales and Darwin under a new affiliate agreement, the filing said.

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Asia

Market Chatter: Nine Entertainment Faces Rival Bid From Foxtel for NRL Coverage, AFR Reports

Nine Entertainment (ASX:NEC) is facing a rival bid from competitor Foxtel for the National Rugby League's (NRL) streaming rights, as Foxtel has pitched for all the NRL rights, according to a Monday report by the Australian Financial Review, citing two people with knowledge of the negotiations.Foxtel has also spoken to Seven and Ten television networks about them broadcasting some of the games on free-to-air, the report added.Foxtel, which is a unit of UK-listed DAZN Group, will remove the Nine Network as an NRL broadcaster if its strategy succeeds, the report added.Foxtel cannot make a bid for NRL rights alone due to Australia's anti-siphoning laws, which are designed to prevent popular sports events from becoming entirely paywalled or fee-based, the report added.AFR added that the NRL is currently divided between the free-to-air Nine Network and Foxtel until the end of the 2027 season.Nine did not immediately respond to' email request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Nine Entertainment Relaunching Online Platform With Simplified Presentation

Nine Entertainment (ASX:NEC) is relaunching its online gateway, shifting away from a fragmented platform toward a "cleaner" presentation focused on the six areas of news, sport, lifestyle, travel, entertainment, and shopping, according to a Monday statement.The re-launch includes a new app that rolls 9News into a nine.com.au-branded app, and will also feature a range of premium content, including video podcasts.As part of the initiative, 9Honey will be folded into the lifestyle domain, while wwos.com.au will fall under sport but still contain Wide World of Sport and Stan Sport branding. All of the 9Network's current television programming will continue to have its own sites under a TV pillar."The move to a single domain will allow Nine to quickly launch focused micro-newsletters for major events, such as federal elections, budgets, and cultural moments, and innovate with products that allow for deeper brand integration," the company said.

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