9Now and Stan shine in strong financial results for Nine
Nine’s profits and earnings before interest, tax, depreciation and amortisation (EBITDA) have grown by more than 50% with 9Now’s revenue growing 86%, the company announced this morning in its half year financial report.
The media company attributed part of its growth to a strong showing by online platform 9Now as well as its premium video service Stan with half year revenue up $720m, up 9% compared to the year prior.
Nine boss Hugh Marks is impressed with the results, says there’s still more to do
Great to hear Stan is doing well! competing against the behemoth that’s Netflix not an easy thing – but they have really carved out a niche, and a high quality offering. Good work Nine and FFX! – all the way from 2 Holt St.