.sevenwestmedia has announced a significantly reduced net debt over the first half of the 2022-23 financial year. 7NEWS
Underlying net profit after tax, excluding significant items, was $123.4 million — down 4.1 per cent on the previous year — on group revenue of $815.4 million.
“We are delivering on share and revenue, and we have a fast-growing digital business that has growth underpinned for the future with major new deals. The big moves we have made in the past six months set the foundations for the network and 7Plus for years to come,” he said. The sports mega-deals come after Seven partnered with NBCUniversal International Networks and Direct-to-Consumer to, bringing some of the world’s most iconic reality shows and true crime franchises to Aussie audiences.
He said on-demand video was up 18 per cent across calendar 2022 — on top of the Tokyo Olympics the previous year.
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