Nine Looks Positioned for Ad-Market Turnaround -- Market Talk

Dow Jones
06/03

0420 GMT - Nine Entertainment's bull at Macquarie reckons the Australian media group is well positioned following the divestment of its regional TV assets. A note from one of the investment bank's analysts contends that the local advertising market may be approaching a cyclical low point, with interest rates expected to peak later this year and business confidence improving. "Assuming inflation does not materially worsen versus expectations, we are optimistic on an improving ad market in FY27," the analyst writes. They anticipate incremental high-margin revenues on the expectation that the government makes digital platforms pay for content. Macquarie cuts its target price by 8.7% to A$1.05 and keeps an outperform rating on the stock, which is down 1.1% at A$0.925. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

June 03, 2026 00:20 ET (04:20 GMT)

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