Australia Motio rises on upgrading FY25 outlook

Motio

05/05/2025 02:34

** Motio MXO.AX rises as much as 2.9% to A$0.035; marks biggest intraday pct gain since February 26

** Media co sees FY25 cash EBITDA target exceeding A$1.35 mln ($872,505), higher than earlier forecast of A$1.2 mln

** Revises revenue guidance to A$8.5 mln-A$8.9 mln from A$8.4 mln-A$8.8 million

** Attributes outlook hike to positive trading through the current period

** YTD, MXO gains ~13%

($1 = A$1.5473)

 (Reporting by Nichiket  Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com;))