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Southern Cross Media Group Limited ( (AU:SXL) ) just unveiled an announcement.
Southern Cross Media Group Limited reported a strong start to FY26 with a 4.7% increase in Q1 audio revenue and a 129% rise in underlying EBITDA to $14 million. The company achieved commercial share gains in both broadcast and digital sectors, with notable growth in its LiSTNR digital audio revenues. Cost management efforts led to a 3.4% reduction in total costs, and net debt decreased to $63 million. The company is on track to meet its full-year EBITDA guidance and is progressing with a proposed merger with Seven West Media, with an independent expert’s report expected in November.
The most recent analyst rating on (AU:SXL) stock is a Buy with a A$1.08 price target. To see the full list of analyst forecasts on Southern Cross Media Group Limited stock, see the AU:SXL Stock Forecast page.
More about Southern Cross Media Group Limited
Southern Cross Austereo (SCA) is a leading Australian media company, home to the LiSTNR digital audio app, Hit, and Triple M networks. It offers a wide range of digital audio content, including radio stations, sports coverage, music playlists, news, and podcasts. SCA operates 104 radio stations and provides national sales representation for 56 regional radio stations, reaching over 9 million listeners across its networks.
Average Trading Volume: 294,146
Technical Sentiment Signal: Buy
Current Market Cap: A$199.1M
For an in-depth examination of SXL stock, go to TipRanks’ Overview page.