First Impressions Profit Report: Fairfax Media (FXJ) - FY15 result largely in line with our estimates with Domain

Bell Potter


Divisional Revenue of Metro Media was up 3.3% to $829.9m and Domain was up 45% to $223.2m. Digital Ventures was down 48% to $28.6m. Australia Community Media down 8% to $488.6m, New Zealand Media down 4% to NZ$384m and Broadcasting revenue up 5% to $108.7m. Domain delivered robust revenue and earnings growth: Domain delivered 45% revenue to $223.2m. Print EBITDA up 73% to $24.9m and Digital EBITDA up 37% to $61m. Read our summary here: (VIEW LINK)

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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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