ARN Media Delivers Tough But Steady Mid-Year Results

HT&E Ltd (AU:A1N) has released an update.

ARN Media Limited reports a solid operational performance in its 2024 half-year results, with a 4% rise in group revenues and a 10% increase in EBITDA on a pro forma basis. Despite challenging market conditions, the company has seen robust growth in digital audio revenues and a strong audience hold in its metropolitan networks. However, the company faced a 5% drop in group EBIT, primarily due to new contract costs in Hong Kong, while maintaining a sound balance sheet with prudent leverage.

For further insights into AU:A1N stock, check out TipRanks’ Stock Analysis page.