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oOh media Ltd ( (AU:OML) ) has provided an update.
oOh!media Limited reported a 7% increase in Q3 revenue compared to the previous corresponding period, slightly surpassing its earlier projections. Despite this growth, the company faced challenges in October due to a softening advertising market in Australia and the non-renewal of a significant contract in New Zealand, leading to a revised revenue forecast for CY25 between $689 million and $694 million. The company remains focused on cost management, with expected operating costs and capital expenditure remaining within previously guided ranges. The company’s adjusted EBITDA is projected to be between $139 million and $142 million, with improved performance anticipated in the coming months due to further asset rollouts.
The most recent analyst rating on (AU:OML) stock is a Hold with a A$1.50 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 prominent Out of Home media company that enhances public spaces by creating engaging environments. The company operates an extensive network of digital and static asset locations across Australia and New Zealand, including roadsides, retail centres, airports, train stations, bus stops, office towers, and universities, enabling advertisers and other stakeholders to reach large and diverse public audiences.
Average Trading Volume: 827,606
Technical Sentiment Signal: Sell
Current Market Cap: A$740.8M
For an in-depth examination of OML stock, go to TipRanks’ Overview page.