ARN prepares investors for 27% earnings plummet

ARN has provided the market with a sobering financial outlook for the calendar year, as it forecasts a full-year EBITDA drop of between 25% and 27%.

In an ASX filing on Wednesday morning, the audio company reported that the Australian advertising market has experienced “significant softness” in the second half of the year, with ARN suffering a 10% year-on-year revenue drop for the ten months to October 31.

Revenue for the second half of FY 2025 is “expected to decline by low double digits compared to the prior year”, suggesting a much softer Christmas advertising season than last year.

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