Financial recap: The highs, lows, losses and gains of 2020
As we put the year that was 2020 behind us and look towards 2021 with hope and anticipation, the Mumbrella team recaps how some of the most powerful media and advertising companies in Australia fared financially in the past 12 months: the highs, the lows, the gains and the losses.
Here, There & Everywhere
Here, There & Everywhere (HT&E) weathered the coronavirus pandemic relatively well and came out the end of 2020 in good shape on the ASX.
Starting the year with a share price of $1.67, the media company whose divisions include broadcast radio and out of home advertising saw its value dip to $1.05 in March and $1.01 in June as the full impact of the pandemic hit advertiser dollars. As of 5 January 2021, HT&E’s share price had recovered to $1.82.
HT&E began 2020 by reporting full-year revenue of $252.7 million for the previous year, down 7% on 2018’s full-year revenue.
