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Southern Cross Media Group Limited ( (AU:SXL) ) has shared an announcement.
Southern Cross Media Group Limited reported strong financial performance for FY25, with a 5% revenue growth and a significant increase in EBITDA, driven by digital revenue growth and the success of its LiSTNR platform. The company has focused on its ‘All About Audio’ strategy, divesting from regional television assets to concentrate on radio and digital audio. A proposed merger with Seven West Media aims to create a leading integrated media platform, enhancing market reach and offering significant revenue upside. This merger is expected to position the combined entity as the largest broadcaster in Australia, with diversified revenue streams and a strong market position in the 25-54 age group.
The most recent analyst rating on (AU:SXL) stock is a Hold with a A$1.00 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 known for its digital audio app LiSTNR, as well as the Hit and Triple M radio networks. SCA offers a range of audio content including radio stations, sports coverage, music playlists, and podcasts, reaching an estimated eight million people monthly. The company owns 104 radio stations and provides sales representation for 56 regional stations, targeting the 25-54 age group.
YTD Price Performance: 40.11%
Average Trading Volume: 317,879
Technical Sentiment Signal: Buy
Current Market Cap: A$191.9M
Find detailed analytics on SXL stock on TipRanks’ Stock Analysis page.