Nine Entertainment Co Holdings (ASX:NEC) announced a final dividend of 5.0 AU cents per share.

The company anticipates further growth in both revenue and EBITDA for Stan in FY24.

Current market conditions are described as challenging.

However, a robust cash flow and solid balance sheet enable the continuation of both a share buyback program and a 60-80% dividend payout.

The company projects total television costs to be broadly flat in FY24 compared to FY23.

Digital subscription revenue growth for Q1 is expected to be approximately 10%.

The advertising market remains subdued so far in FY24.

Nine Entertainment Co Holdings is a media company based in Australia, which operates television and radio stations, and digital properties.