Trading update:
As I mentioned earlier, we will win the TV ratings survey year, with or without the Tokyo Olympics,
in total people. That will represent our first total people win since 2018.
We are well positioned to hit our target of a 40% share of the metropolitan TV advertising market in the current six-month period.
Revenue from 7plus has soared 145% since the start of the FY22 year, including post-Olympics growth of about 50% in September and October.
Our target of $15 million to $20 million in new cost savings in FY22 is also on track.
The revenue growth and cost savings give us confidence that we will exceed analysts’ consensus forecast for FY22 EBITDA of approximately $260 million by between 7% and 10%, excluding any benefits from Prime.
No mention of a dividend though,
Ann: SWM AGM Addresses and Trading Update, page-2
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