A. REVENUE
2025
$’000
2024
$’000
Licencing 519,996
509,656 Operations and Events 286,741 202,980
Other income
Interest income 8,761 8,460
Sundry income 30,076 23,768
Total revenue 845,574 744,864
(i) Licencing
Media
The Group grants media organisations the right to
broadcast rugby league matches on television, radio or
online in exchange for consideration that includes both cash
amounts and contra (which are rights the Group is granted
to use advertising slots provided by the media partner).
The broadcasting rights provide the media partner with a
right to access the Group’s intellectual property as it exists
as the games are played.
The method of measuring progress for the transfer of
broadcasting rights is costs incurred associated with
the competition for the broadcasting period. The costs
incurred are reflective of club grants that are paid to the
Clubs over the 5 year performance period necessary to
fund and support each NRL Club’s participation in the
National Rugby League competition and where applicable,
the State of Origin grants paid to the respective State
Leagues. The pattern of revenue recognition in each
reporting period follows the movement in the cost profile.
Cash received is recorded as deferred revenue and
recognised as revenue as and when ARLC carries out
its obligation.
Wagering Product Fees
The Group grants sports betting operators a licence
being a promise to provide rights to the sports betting
operators to access the Group’s intellectual property. In
exchange, the Group will receive royalties from the Sports
Betting operators as the sales relating to each bet occur
or is settled.
So we knew already it was over $400m pa said by Abdo years ago so it's likely $420-$430m pa now.
On a SMH which i will post after Vlandy said $80 m pa from bets etc
So if we add merch at $20 then the equation is
$519m pa less ($80m betts and $20m Merch) 100m pa is $419m pa
www.nrl.com
