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The Nine (ASX:NEC) share price rising on third quarter update



The Nine Entertainment Co. Holdings Ltd (ASX: NEC) share price has provided key third-quarter updates as part of its presentation to the Macquarie Australia Conference. 

At the time of writing, the Nine Entertainment share price is trading for $2.85, up 0.71%. 

Nine third-quarter update

Nine estimates that by FY22, more than half its revenue will come from digital growth segments. This includes subscription and licensing such as Stan, marketplaces including its majority shareholding of Domain Holdings Australia Ltd (ASX: DHG), and online advertising.

To date, the company has made an impressive transition and investment into digital growth…

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