oOh media Ltd (AU:OML) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
oOh!media Limited anticipates a moderate revenue growth for 2024 despite challenging market conditions, with expected revenues between $633 million and $638 million. The company is undertaking a cost-reduction strategy to save over $15 million and improve operating margins while maintaining its leading position in the Out of Home advertising sector. Adjusted underlying EBITDA for the year is projected to be between $125 million and $128 million, as the company positions itself for future growth.
For further insights into AU:OML stock, check out TipRanks’ Stock Analysis page.