oOh!media Poised for Growth Amidst Out of Home Advertising Boom

oOh media Ltd ( (AU:OML) ) has shared an update.

oOh!media’s recent Annual General Meeting highlighted the company’s strong position in the Out of Home advertising market, which is experiencing significant growth compared to other traditional media channels. Despite a challenging first half in CY24, the company ended the year with strong financial performance, reporting $636 million in revenue and a robust balance sheet. The company is optimistic about continued growth, driven by structural trends like urban population expansion and digital advancements, and has declared a final dividend reflecting confidence in its business outlook.

The most recent analyst rating on (AU:OML) stock is a Hold with a A$1.80 price target. To see the full list of analyst forecasts on oOh media Ltd stock, see the AU:OML Stock Forecast page.

More about oOh media Ltd

oOh!media is a leading Out of Home media company in Australia and New Zealand, providing a vast network of digital and static advertising assets in public spaces such as roadsides, retail centers, airports, and more. The company focuses on creating engaging environments for advertisers and stakeholders to reach large and diverse audiences.

Average Trading Volume: 1,817,124

Technical Sentiment Signal: Buy

Current Market Cap: A$889M

Learn more about OML stock on TipRanks’ Stock Analysis page.