Does anyone have a good handle on how much the change in sports streaming rights might add to the revenue and EBITDA lines in FY24/ 25?Here is what the digital business is currently doing:
And a key comment from AGM conclusion slide:
This is the comment from CEO speaking notes for point above, highlights mine:
Our new digital sports rights for both the AFL and Cricket are coming next year and will be the biggest change in sports rights streaming this country has ever seen. They will generate meaningful growth in our digital earnings.
Together, they will represent 4 billion new minutes of viewing on 7plus a year.“That is the equivalent in minutes of the Tokyo Olympics and FIFA Women’s World Cup combined — not 17 days or five weeks but 52 weeks of the year, every year.”
https://thewest.com.au/business/seven-unveils-programming-schedule-for-2024-promises-biggest-game-changer-australian-streaming-c-12243415
Anyone got a guess on what meaningful growth ends up delivering?
I am expecting +20% revenue growth at a minimum in the first year, so say another $36m.
With maybe $20m dropping to the EBITDA line, depending on how they allocate the media rights costs.
(20min delay)