B&TB&TB&T
  • Advertising
  • Campaigns
  • Marketing
  • Media
  • Technology
  • Regulars
    • Agency Scorecards
    • Best of the Best
    • Campaigns of the Month
    • CMO Power List
    • CMOs to Watch
    • Culture Bites
    • Fast 10
    • New Business Winners
    • Spotlight on Sponsors
  • Jobs
  • Awards
    • 30 Under 30
    • B&T Awards
    • Cairns Crocodiles
    • Women In Media
    • Women Leading Tech
Search
Trending topics:
  • Cairns Crocodiles
  • Nine
  • Seven
  • Cannes Lions
  • State of Origin
  • NRL
  • WPP
  • Pinterest
  • B&T Women in Media
  • Thinkerbell
  • imaa
  • AFL
  • Anthony Albanese
  • Spotlight on Sponsors
  • AI
  • Foxtel
  • Meta
  • TV Ratings
  • Radio Ratings
  • Sports Marketing

  • About
  • Contact
  • Editorial Guidelines
  • Privacy
  • Terms
  • Advertise
© 2025 B&T. The Misfits Media Company Pty Ltd.
Reading: Seven Warns Of Earnings Drop Amid Soft Economy
Share
B&TB&T
Subscribe
Search
  • Advertising
  • Campaigns
  • Marketing
  • Media
  • Technology
  • Regulars
    • Agency Scorecards
    • Best of the Best
    • Campaigns of the Month
    • CMO Power List
    • CMOs to Watch
    • Culture Bites
    • Fast 10
    • New Business Winners
    • Spotlight on Sponsors
  • Jobs
  • Awards
    • 30 Under 30
    • B&T Awards
    • Cairns Crocodiles
    • Women In Media
    • Women Leading Tech
Follow US
  • About
  • Contact
  • Editorial Guidelines
  • Privacy
  • Terms
  • Advertise
© 2025 B&T. The Misfits Media Company Pty Ltd.
B&T > Media > Seven Warns Of Earnings Drop Amid Soft Economy
Media

Seven Warns Of Earnings Drop Amid Soft Economy

Staff Writers
Published on: 13th November 2019 at 12:03 PM
Staff Writers
Share
2 Min Read
SHARE

Seven CEO James Warburton has forecasted an earnings drop for the rest of the 2020 financial year amid a tough advertising market and weak Australian economy.

Warburton announced Seven is expecting to hit the lower end of its full year underlying EBIT of between $190 million and $200 million.

The 2018-19 financial year saw Seven round off the year with an underlying EBIT of $212 million.

Seven grew to a 39 per cent revenue share in the first quarter of 2019-20, but in a down market.

Warburton said: “The market remains short and difficult to predict but we expect further softness in the second quarter. We are now forecasting the metropolitan television market to be down mid-single digits for the financial year.”

He said the previous financial year was a challenging time from an advertising markets perspective, “driven by political uncertainty, the impact of the royal commission on financial services advertising spend and generally subdued economic conditions.”

Yesterday, Nine also revealed its first-half earnings will be down by 10 per cent, blaming the results on slow market condition and the Alan Jones advertiser boycott, as well as a “shift in earnings contribution” attributed to the Fairfax merger.

Nine CEO Hugh Marks said: “The current advertising market conditions will mean that our first half result is now expected to be approx. 10 per cent down on pcp (prior corresponding period).”

However, Nine does not expect the pain to last too long.

“Notwithstanding, with the expectation of growth in linear FTA share, further growth in 9Now and Stan, a pick-up in activity at Domain and early synergies from Macquarie Radio, we are expecting this shortfall to be more than made up in the second half,” Marks said.

 

 

Join more than 30,000 advertising industry experts
Get all the latest advertising and media news direct to your inbox from B&T.

No related posts.

TAGGED: James Warburton, Seven West Media
Share
Staff Writers
By Staff Writers
Follow:
Staff Writers represent B&T's team of award-winning reporters. Here, you'll find articles crafted with industry experience spanning over 50 years. Our team of specialists brings together a wealth of knowledge and a commitment to delivering insightful, topical, and breaking news. With a deep understanding of advertising and media, our Staff Writers are dedicated to providing industry-leading analysis and reporting, both shaping the conversation and setting the benchmark for excellence.

Latest News

TV Ratings (13/07/2025): All Eyes On Japan As Travel Guides Welcome New Addition
14/07/2025
Former News Corp Execs Dale Foenander & Matt Paine Launch Lamington Digital
14/07/2025
Woolies Appoints Interim CMO As Andrew Hicks Makes The Move To M&S In The UK
14/07/2025
James Zipeure.
Mortar AI Appoints James Zipeure From CEO To Group CEO
14/07/2025
//

B&T is Australia’s leading news publication magazine for the advertising, marketing, media and PR industries.

 

B&T is owned by parent company The Misfits Media Company Pty Ltd.

About B&T

  • About
  • Contact
  • Editorial Guidelines
  • Privacy
  • Terms
  • Advertise

Top Categories

  • Advertising
  • Campaigns
  • Marketing
  • Media
  • Opinion
  • Technology
  • TV Ratings

Sign Up for Our Newsletter



B&TB&T
Follow US
© 2025 B&T. The Misfits Media Company Pty Ltd. All Rights Reserved.
Welcome Back!

Sign in to your account

Register Lost your password?