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

Tim Burrowes

February 16, 2026 4:36

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.

Nine, which is currently buying outdoor player QMS, also fell today, losing 0.46%.

In a day of unimpressive milestones, Enero lost 6.9% to hit its lowest market capitalisation since 2013. And the Unmade Index dipped to another all time low of 421 points – a loss of 57.9% since the index began at the start of 2022.

However, the audio sector enjoyed a much better day. Southern Cross Austereo rose by 6.6% and ARN Media rose by 2.9%.

Tim Burrowes

Tim Burrowes is the publisher of Mumbrella and Unmade. He co-founded Mumbrella in 2008 and sister title Unmade in 2021. He's worked in the UK, Middle East, Asia & Australia and has specialised in writing about the communications world for the last 25 years. He wrote the book Media Unmade, published in 2021, and became the presenter of MediaLand on ABC Radio National in 2025.