Southern Cross Media Group Posts FY26 Results
Digital revenue rose 10.7% to $320.3 million as Southern Cross Media offset weaker advertising demand and delivered merger synergies early.
- Southern Cross Media Group reported FY26 revenue of $1.87 billion, down 4.5%, as EBITDA fell 15.8% to $191.9 million amid difficult market conditions.
- Weaker advertising markets contributed to a $125 million revenue hit, though each of the three businesses—Television, Audio, and Publishing—strengthened market positions. Chief Executive Officer Rohan Lund noted the company reaches more than 20 million Australians monthly.
- Digital revenue grew 10.7% to $320.3 million, outpacing broadcast declines, while Southern Cross delivered $30 million of annualised merger synergies a year ahead of schedule.
- To reset its cost base, the company expanded its savings program targeting up to $150 million in annualised reductions, including the loss of 250 to 300 jobs mostly from Television.
- A trading update for the September quarter indicates flat Television revenue, stable Publishing, and low single-digit Audio growth as management expects operating expenses to grow below inflation.
15 Articles
15 Articles
Australia’s Newest Media Giant Suffers $125 Million Advertising Slump
Southern Cross Media Group has seen advertising revenue across its broadcasting brands decline across the past financial year, leading to a 4.4 percent year-on-year fall in overall revenue to $1.87 billion (US$1.317 billion), despite strong performance from its digital assets. The new company is a merger between Southern Cross-Austereo and Seven West Media, which was completed on Jan. 7 this year. The company’s annual report (pdf) released on …
Seven TV drags down the Southern Cross combined scorecard
The Southern Cross Media Group on Tuesday reported a 4.5% revenue dip for FY26, driven by an $82.3m fall in television advertising, and offset by a strong performance in audio during a rough 12 months.EBITDA for the merged SCA and Seven West Media was hit hard in the period, down 12.8% to $200m. The merger […]
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Southern Cross Media Group posts FY26 results
Southern Cross Media Group’s FY26 results highlight challenging market conditions, digital growth, and an expanded cost-saving push amid merger integration. The post Southern Cross Media Group posts FY26 results appeared first on The Motley Fool Australia.
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