BUZZ-Australia's ARN Media slumps after dour annual earnings forecast
Reuters
Nov 12
BUZZ-Australia's ARN Media slumps after dour annual earnings forecast
** Shares of ARN Media A1N.AX falls 11.5% to A$0.48, heading for their worst day since early October 2023
** Entertainment company fell as much as 17.1% earlier in the day to hit its lowest level since August 27, 2025
** Co sees full-year EBITDA to be ~25%-27% below prior year
** Sees revenue for 2H25 to decline by low double digits vs last year
** Says broader economic uncertainty and cautious client sentiment weighing on advertising spend across industry
** Stock down ~34% this year, including the day's move
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com))
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