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An update from Southern Cross Media Group Limited ( (AU:SXL) ) is now available.
Southern Cross Media Group Limited has announced a strong start to 2025 with a 9% increase in audio revenues, surpassing previous guidance. The company has maintained cost discipline, forecasting non-revenue related costs to be $265 million for FY25, which is below the previous year’s costs. This financial performance has led to the decision to resume dividends with the final dividend for FY25, reflecting the company’s improved operational momentum and financial stability.
More about Southern Cross Media Group Limited
Southern Cross Austereo (SCA) is a prominent media company in Australia, known for its LiSTNR digital audio app and the Hit and Triple M radio networks. It operates 104 radio stations and provides sales representation for regional and global audio platforms, reaching over 95% of the Australian population.
YTD Price Performance: 13.33%
Technical Sentiment Signal: Buy
Current Market Cap: €95.13M
For detailed information about SXL stock, go to TipRanks’ Stock Analysis page.