Ooh Media drops below $600m market cap despite strong numbers

Ooh Media’s market capitalisation fell below $600m for the first time in more than five years on Monday as the market reacted negatively to the release of the outdoor company’s annual results.

Ooh lost 2.7% despite unveiling the best statutory EBITDA profits and revenues in the company’s history.

The only time Ooh Media’s share price has previously been as low was in the early months of Covid when it did an emergency capital raising.

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