Latest Sports Entertainment (ASX:SEG) News

Sports Entertainment Group Limited reported a 2.2% revenue rise to $110.24 million for FY25, with underlying EBITDA surging 61.3% pre-AASB 16. Net profit more than doubled to $22.94 million, driven by margin gains and cost efficiencies. The staged sale of Perth Wildcats progresses, and a final dividend was declared.

Sports Entertainment Group (SEG) is set to become the sole broadcaster of all three Victorian racing codes after agreeing to acquire RSN’s brand and broadcasting assets for $3.25 million.

Sports Entertainment Group upgrades its FY25 EBITDA forecast to $9m-$10m, driven by strategic divestments and new media initiatives, setting the stage for continued growth in FY26.