BUZZ-New Zealand's Straker slips on non-renewal of Nike's contract

Reuters

2025/05/26

** Straker STG.AX slips 8.6% to A$0.48, lowest since April 10

** Language and subscription services provider says Nike NKE.N will not renew its legacy services agreement beyond current term, which ends on December 15, 2025

** Notes cessation of contract to negatively impact co's FY26 adjusted EBITDA by NZ$0.3 mln ($173,855)

** Adds revenue attributable to Nike represents 3.3% of co's FY25 revenue

** STG loses 15.8% YTD

($1 = NZ$1.6681)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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EBITDA by NZ$0.3 mln ($173,855)</p><p>** Adds revenue attributable to Nike represents 3.3% of co's FY25 revenue</p><p>** STG loses 15.8% YTD</p><p>($1 = NZ$1.6681)</p><p> (Reporting by Nikita Maria Jino in Bengaluru)</p><p> ((Nikita.Jino@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250526:nL6N3RY029:1","article_id":"2538142812","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2538142812","pubTimestamp":1748222242,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and 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