Australia’s Nine Entertainment Posts $1.75 Billion Revenue, $86 Million Profit

Australian media giant Nine Entertainment Co. Holdings Limited posted revenue of AUD2.7 billion ($1.75 billion) and a net profit after tax of AUD133 million ($86.3 million) for the 12 months ended June 30, the company announced Wednesday.

The result included $39.6 million in post-tax specific items. Group Ebitda before specific items came in at $315.2 million, down 6% year-on-year, while net profit after tax and minorities before specific items was $107.7 million, compared with $122.6 million in the prior period.

Second-half Ebitda grew 8%, fueled by strength across Total Television, streaming service Stan and the Publishing division. Nine also pointed to audience growth across broadcast and streaming, with its platforms…