Why is the Nine (ASX:NEC) share price on the rise today?

Nine Entertainment Co Holdings Ltd (ASX: NEC) shares are on the move this morning after the company released a revised trading update. At the time of writing, the Nine share price has surged 4.26% higher to $2.45 on news the company now expects its first-half earnings to come in at 40% growth, compared to the previous guidance of 30%.

What’s moving the Nine share price?

Investors are driving up the Nine share price after the company reported its trading outlook has improved since holding its annual general meeting (AGM) in mid November. 

Nine reported that, during the AGM, it advised expected first half earnings before interest, tax, depreciation, and ammortisation (EBITDA), before specific items, to be up by around 30%.

Since…