oOh!media Posts Higher 2024 Earnings as Revenue Rises

MT Newswires Live
02-24

oOh!media (ASX:OML) reported Monday that its earnings per diluted share in 2024 rose to AU$0.068 from AU$0.063 per diluted share a year earlier.

Analysts polled by Visible Alpha were expecting an EPS of AU$0.0582.

Revenue for the year ended Dec. 31, 2024, was AU$635.6 million, up from AU$633.9 million in the same period a year earlier. Analysts surveyed by Visible Alpha expected AU$635.4 million.

For 2025, the media company expects its Out of Home sector to see mid to high single-digit growth. OML also expects to deliver net cost savings of about AU$15 million and capital expenditure in the range of AU$45 million to AU$55 million.

The board declared an interim dividend of AU$0.035 per share, unchanged from a year earlier, payable on March 27 to shareholders on record as of March 6.

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