Nine has posted a net profit of $315 million for the 2022 financial year, announcing a record fully franked dividend of 14 cents per share. 9News
"2022 has been a record year for Nine, on many levels. From a profit perspective, we have reported the highest ever Group EBITDA as well as Total TV and Publishing EBITDA and margin," he told shareholders.
"For our shareholders, from our FY22 profit, we have also paid or announced a record, fully franked dividend of 14 cents per share."Nine CEO Mike Sneesby said the group's results were 'exceptional' and would serve the business well as it heads towards 'softer' market conditions."Across Nine, our team has remained focused on the things that matter most," he said.
Earnings from the group's digital properties, which include Stan, 9Now, Domain and several online mastheads, now account for more than 50 per cent of Nine's total earnings. Stan grew its subscriber base by 6 per cent to more than 2.5 million users, lifting revenue by 22 per cent as the service diversifies to include more live sport.
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