Seven West Media has delivered a “solid result for the 2022-23 financial year in what was a challenging environment”, Managing Director and Chief Executive Officer James Warburton said on Wednesday.
“We have delivered a solid result for the 2022-23 financial year in what was a challenging environment, primarily driven by the 7.9% decline in the total TV market over FY22,” Warburton said.“The market decline accelerated during the second half, driven by the macroeconomic environment. Our position as a national TV network and the strength of our digital offering continues to resonate in the market and somewhat mitigated the market decline.
“We achieved our total TV revenue share target of 39% in the first half and in the fourth quarter, and we finished the year with a 38.5% total TV revenue share,” Warburton said.