Southern Cross's Digital-Audio Revenue Catches Bulls' Eye -- Market Talk

Dow Jones

2024/11/04

0305 GMT - Southern Cross Media's surging digital-audio revenue catches the eye of its bulls at Canaccord Genuity. Canaccord's analysts think that Southern Cross's 48% on year growth in its September-quarter digital-audio revenue has probably helped the Australian media group increase its share of audio revenue to 11% from 8%. Continued growth in digital could deliver a meaningful increase to overall group revenue, they tell clients in a note. Canaccord Genuity keeps a buy rating and A$0.96 target price on the stock, which is up 1.0% at A$0.52. (stuart.condie@wsj.com)

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November 03, 2024 22:05 ET (03:05 GMT)

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Canaccord's analysts think that Southern Cross's 48% on year growth in its September-quarter digital-audio revenue has probably helped the Australian media group increase its share of audio revenue to 11% from 8%. Continued growth in digital could deliver a meaningful increase to overall group revenue, they tell clients in a note. Canaccord Genuity keeps a buy rating and A$0.96 target price on the stock, which is up 1.0% at A$0.52. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SXL.AU":"SOUTHERN CROSS MEDIA GROUP L","SO":"美国南方公司"},"translate_title":"南十字星的数字音频收入吸引了多头的目光——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SXL.AU":0.9,"SO":1},"content_text":"0305 GMT - Southern Cross Media's surging digital-audio revenue catches the eye of its bulls at Canaccord Genuity. Canaccord's analysts think that Southern Cross's 48% on year growth in its September-quarter digital-audio revenue has probably helped the Australian media group increase its share of audio revenue to 11% from 8%. Continued growth in digital could deliver a meaningful increase to overall group revenue, they tell clients in a note. Canaccord Genuity keeps a buy rating and A$0.96 target price on the stock, which is up 1.0% at A$0.52. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 03, 2024 22:05 ET (03:05 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}