Australia's oOh!media hits nearly nine-month low on earnings forecast cut

Ooh!Media

07/11/2025 24:50

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

** Co says Q4 revenue now expected to be slightly below the year-earlier level

** Says this is due to subdued market conditions early in the fourth quarter and material impact from a non-renewal of a contract in New
Zealand

** Says CY25 gross margin is now expected to be ~43.0%, lower than the ~44.0% previously expected due to lower-than-expected revenue and adverse channel mix in 2H25

** Advertising market activity softened in October, co says

** Shares up 9.1% YTD

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))