Australia's oOh!media hits near nine-month low on lower quarterly earnings forecast

Ooh!Media

07/11/2025 04:34

Updates

** Shares of Australia's oOh!media OML.AX fall as much as 7.8% to A$1.235, their lowest level since February 14

** Stock posts biggest intraday pct loss since August 18

** Q4 revenue expected to be slightly lower YoY on subdued market conditions, impact from non-renewal of a NZ contract

** Jefferies notes disappointing update but not surprised given weak ad spend trends

** However, highlights OML gaining share in all segments, except retail, well-positioned on major contracts through 2028

** Shares up nearly 9% YTD, including the day's moves

 (Reporting by Shruti Agarwal and Kumar Tanishk in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))