Latest Sports Entertainment (ASX:SEG) News

Sports Entertainment Group has fast-tracked the sale of its remaining stake in Perth Wildcats, securing $18.5 million by mid-2026, while reporting a robust start to FY26 with promising earnings growth.

Sports Entertainment Group Limited has finalized its $3.25 million acquisition of RSN's brand and broadcasting assets, signaling a strategic move in Australia's media landscape.

Sports Entertainment Group Limited has reported a strong FY25 with a $22.9 million statutory profit and a 62% rise in underlying EBITDA, driven by organic growth and strategic divestments. The company also declared dividends and anticipates continued double-digit EBITDA growth in FY26.

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.