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Oohmedia Limited (ASX:OML)

ALERT: Price-sensitive ASX Announcement for OML
Current share price for OML : $1.663 -0.002 (-0.15%)+
Announcement
Release
17 Aug 2026 8:19AM
Price at Release
$1.665
Full Release
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Summary
oOh!media Limited announced its financial results for the first half of 2026, highlighting a subdued revenue performance but strong growth momentum for the second half. The company reported a 1H revenue of $340.9 million with an adjusted underlying EBITDA of $48.1 million, affected by weak market conditions, particularly in billboards. Despite this, oOh!media maintained its market share in Australia, with a 6% growth, although New Zealand's performance was negatively impacted by the loss of Auckland Transport. The company successfully onboarded significant contracts such as Transurban and Melbourne Metro and achieved $12 million in annual cost savings. Looking ahead, oOh!media expects a strong second half with double-digit revenue growth anticipated in Q3 and robust forward bookings. The implementation of the new MOVE audience measurement system is boosting buying confidence, and the out-of-home media format continues to grow, capturing 16.9% of agency media spend. The strategic initiatives and operational efficiencies are set to enhance the company's performance moving forward.
Key Points
  • Scheme Implementation Agreement with I Squared announced for $1.70 per share.
  • 1H revenue at $340.9M, adjusted underlying EBITDA at $48.1M.
  • 6% market share growth in Australia, offset by New Zealand.
  • Onboarding of Transurban and Melbourne Metro contracts.
  • Operational Excellence program delivering $12M savings.
  • Double-digit Q3 revenue growth expected.
  • MOVE audience measurement system lifting buying confidence.
  • Out-of-home media format capturing 16.9% of media spend.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.