Strong announcement and nice to see debt down to circa $250m. However the key take-away for me was the following comment:
Digital earnings continue to grow strongly, with Seven digital expected to contribute earnings
before interest, tax, depreciation and amortisation (EBITDA) of more than $60 million in
FY21, up 130% year-on-year. Digital earnings are expected to more than double in FY22.
So Digital in its own right should be over $100m EBITDA in FY22 - this starts to become a growth engine to provide for overall group EBITDA growth when most analysts are currently looking at group EBITDA as stagnant to declining the next couple of years.
Ann: Seven West Media Trading Update, page-2
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