Ten Network Holdings Limited (ASX:TEN)
says that it had strong financial results for the first half of this year.
The network says that the highlights include TEN’s EBITDA rising by 35.8%, and TV revenue increasing by 7.9%.
CEO, Paul Anderson, says that the strong growth was driven by TEN’s improved audience performance across all screens and its sales representation arrangement with Multi Channel Network Pty Ltd (MCN).
Regarding its outlook, TEN expects gross advertising revenue to increase by around 8% by January / February 2017.
Despite this result, TEN reported a net loss of $308.45 million at 30 August 2015.