SPH announced its' Full Year 2019 earnings this evening after market-hours.

Here are some of the key takeaways from the results:


1.) Print & Media Business Disappoints Again

Revenue for the traditional media business declined by $78.9m from $655.8m in FY2018 to $576.9m in FY2019, which translates into 12% down year on year.
Revenue contribution from print advertisement and circulation are down to $68m this year, which is approximately 12% down year on year.
The only saving grace is the digital advertisement revenue segment which shows growth year on year of $1.5m (6%), though not significant enough.
At $576.9m revenue for the media, it still takes up the bigger chunk of the revenue (59% of overall revenue) so it remains to be seen if we're continue to see a slow structural decline in the print business for the next FY.
2.) Media Segment To Cut 5% Headcount in FY2020 (Restructuring)
The Group has decided to undergo further restructuring...