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HT&E shares up as company looks to offload Soprano

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Key Points

  • Revenue ($m) 197.3, down 22pc from year-earlier 252.7
  • Pretax profit ($m) 28.7 v 54.6
  • Net profit ($m) -42.5 v -14.2
  • Full-year dividend nil v 8.6c 

Here, There & Everywhere chief executive Ciaran Davis says despite a dramatic three-week period of advertising cancellations at the start of COVID, broadcast radio and digital audio listenership has grown year on year as audiences flock to media’s most intimate medium.

HT&E said on Wednesday that its full-year revenue fell 22 per cent to $197.3 million, mostly because of a drop-off in the local advertising marketing in the first half of the year.

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Natasha Gillezeau is a journalist for The Australian Financial Review based in the Sydney office. Connect with Natasha on Twitter.

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    Original URL: https://www.afr.com/companies/media-and-marketing/ht-and-e-shares-up-as-company-looks-to-offload-soprano-20210224-p575bs