Australia's Motio soars on upgrading FY forecast

Motio

18/06/2025 01:45

** Motio MXO.AX soars as much as 24.6% to A$0.043; marks biggest intraday pct gain since November 18, 2024

** Media firm upgrades FY revenue outlook to A$9 mln-A$9.5 mln ($5.8 mln-$6.2 mln) from A$8.5 mln-A$8.9 mln

** Raises FY cash EBITDA target to more than A$1.9 mln from ~A$1.4 mln

** Stock sees most active session since September 23, 2024, with more than 2.7 mln shares traded - 10.5x the 30-day avg

** MXO last up 21.7%, takes YTD gains to 32.3%

($1 = A$1.5427)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))