TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
HT&E Ltd ( (AU:A1N) ) has issued an update.
ARN Media Limited has reported a decline in revenue due to significant softness in the Australian advertising market, influenced by economic uncertainty and cautious client sentiment. Despite these challenges, ARN is implementing a transformation program aimed at cost reduction and operational improvements, with a focus on long-term sustainable growth. The company has already actioned $35 million of a planned $40 million in cost-saving initiatives and expects a full-year EBITDA decline of 25%-27% compared to the previous year. ARN is also evolving its strategy to better align with market dynamics, including leadership improvements, digital capability enhancements, and significant product upgrades.
The most recent analyst rating on (AU:A1N) stock is a Sell with a A$0.40 price target. To see the full list of analyst forecasts on HT&E Ltd stock, see the AU:A1N Stock Forecast page.
More about HT&E Ltd
ARN Media Limited is an entertainment company that provides radio and digital content across audio, video, and social platforms, reaching over 16 million people monthly in Australia. The company enables partners to connect with target audiences through diverse media experiences.
Average Trading Volume: 99,534
Technical Sentiment Signal: Sell
Current Market Cap: A$166.1M
For an in-depth examination of A1N stock, go to TipRanks’ Overview page.