FY20 FINAL RESULTS | 27 AUGUST, 2020

Nine navigates COVID-19 impacts with a $225M cost-out program while Stan and 9Now drive significant digital growth.

Venture Insights · Nine Entertainment Co. Holdings Limited27 August 2020Period: FY2012 min read

Last updated 10 June 2026

$396.7M↑

Group EBITDA Reported (FY20)

2.2M↑

Stan Active Subscribers (Current)

Locked

+1more stats

Companies covered:Nine Entertainment Co.Fairfax MediaStanDomain9NowGoogleFacebookYouTube

Abstract

This report details Nine Entertainment's financial and operational performance for the 2020 fiscal year, highlighting a strategic shift toward digital platforms. Despite a 16% decline in like-basis EBITDA due to COVID-19 advertising market impacts, the group achieved a 38% growth in digital EBITDA, which now accounts for nearly half of total group earnings. The results underscore the resilience of the portfolio, supported by strong subscriber growth at Stan and a $225 million cash cost-out program implemented to mitigate market volatility.

Key Takeaways

Nine achieved a Group EBITDA of $397M in FY20, with digital assets now contributing nearly half of total earnings.
Stan revenue surged 54% to $242.1M, driven by 2.2 million active subscribers and increased engagement during COVID-19.
The group implemented a $225M cash cost-out program to mitigate a 14.1% decline in the total television advertising market.

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Frequently Asked Questions

The transition is accelerating, with digital assets now contributing nearly 50% of total group earnings following 38% growth in digital EBITDA. Nine has established a firm strategic target to increase this digital contribution to 60% of Group EBITDA by FY24.

Stan has reached 2.2 million active subscribers, driving a 54% revenue surge to $242.1 million. This growth, combined with 9Now’s 50% share of the BVOD market, provides a critical hedge against the 14.1% contraction observed in the total television advertising market.

The group maintains a highly conservative 0.9X net leverage with $291 million in wholly owned net debt. Financial resilience is further bolstered by a $225 million cash cost-out program and an exceptionally high adjusted cash conversion rate of 137%.

FY20 FINAL RESULTS | 27 AUGUST, 2020

Abstract

Key Takeaways

Frequently Asked Questions

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