Browsing: Entertainment

The company now expects annual operating profit of ¥1.72 trillion (US$10.7 billion), surpassing the average analyst estimate and up from its initial forecast of ¥1.6 trillion. June-quarter operating profit surged by 40% to ¥476.5 billion, well above analyst expectations that had congregated around moderate growth.

Nine Entertainment Co Holdings (ASX:NEC) is reshaping its earnings profile after the disposal of Domain. The December-half result recorded higher EBITDA and profit while management continued to balance television, streaming, publishing, radio and digital investment. Nine shares were priced at AUD 0.96, placing the market capitalisation near AUD 1.52 billion. The post-Domain group must demonstrate…