ZoomerMedia Reports Q2 Financial Downturn

Zoomermedia (TSE:ZUM) has released an update.

ZoomerMedia Limited reported a revenue of $30.9 million and an adjusted EBITDA of $0.8 million for the second quarter of 2024, with a net loss of $1.9 million. Comparatively, the previous year’s same period saw higher revenues of $32.5 million and an adjusted EBITDA of $3.1 million, alongside a modest net income of $0.4 million. The company, known for catering to a mature audience with its diverse multimedia offerings, has faced a slight downturn in their financial performance.

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