Reporting Season: Macquarie Media delivers strong earnings and dividend growth

By Trevor Hoey. Published at Aug 8, 2018, in Features

Name: Macquarie Media Limited (ASX:MRN)

Market Capitalisation: $370 million

Last Closing Price: $2.15

Macquarie Media (ASX:MRN) has reported robust financial performance for the 2018 financial year, generating an underlying net profit of $21.5 million from revenues of $136.3 million.

This profit excludes a one-off gain of $3.9 million in relation to the sale of Satellite Music Australia (SMA).

Management declared a final dividend of 4.0 cents, bringing the full year dividend, including a 3.0 cent special dividend in relation to the sale of SMA, to 10.0 cents, up from 7.0 cents in 2017.

The company delivered strong underlying profit growth of 24%.

News talk stations perform well

While most of the company’s business units performed well, the news-talk stations were a standout, continuing their ratings dominance in Sydney (2GB) and Melbourne (3AW), while 6PR in Perth delivered strong and sustained audience growth.

MRN noted a healthy audience increase in the last survey of the year from 4BC in Brisbane.

The group has also outperformed the broader industry in terms of sales.

Note that any decision with regards to adding this stock to your portfolio should be taken with caution and professional financial advice sought.

Commenting on the results, MRN chairman, Russell Tate, said, “We have also seen in fiscal 2018 an exceptionally strong performance by our sales teams who have achieved year on year revenue growth on our news-talk stations of 9.0% compared to overall metropolitan market growth of 3.8%.

“We have also increased our overall share of market revenue despite the significant impact on short term revenue potential of the switching of our three east-coast “Talking Lifestyle” stations to the new “Macquarie Sports Radio” format.

“This new format will take time to build audience and revenues and we are hopeful that it will achieve break even revenue levels during fiscal 2019 which will add a further 4% to our total revenues.”

View Our Investment Portfolios

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!