Nine's Acquisition Could Help Grow TV Ad Share -- Market Talk

Dow Jones
02/02

2352 GMT - Nine Entertainment's acquisition of outdoor advertiser QMS is seen by UBS analysts as a way for the Australian broadcaster to grow its share of the free-to-air TV market, rather than reverse its structural decline. The analysts write in a note that a combination of TV and out-of-home offerings is attractive to advertisers, with cross-sell and bundling opportunities offering potential upside to earnings forecasts. They assume A$8 million in cost synergies by FY 2029, but warn that high levels of competition in outdoor advertising means that further reinvestment could be necessary. UBS trims its target price 1.6% to A$1.22 and stays neutral on the stock, which is up 6.6% at A$1.22. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

February 01, 2026 18:52 ET (23:52 GMT)

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