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Seven West Media reports a drop in revenue and EBITDA, but sees growth in TV audiences and BVOD.
Seven West Media reported a 6% drop in revenue and a 26% decline in EBITDA for the first half of FY25, citing a challenging advertising market and the impact of major sporting events.
Despite the decline, the company noted a 1.5% increase in total TV audiences and a 43% growth in BVOD, while cutting costs by 2%.
CEO Jeff Howard anticipates modest growth in the second half of FY25, spurred by AFL and the federal election.
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Seven West Media reporta una caída en los ingresos y EBITDA, pero ve un crecimiento en las audiencias de televisión y BVOD.