Ooh Media grows revenues by 18% and tells market profits remain on target

Tim Burrowes

August 23, 2016 10:20

Out-of-home advertising company Ooh Media has reported an 18% growth in revenue and a 33% growth in profit in its half-yearly update to the market.

The company told the ASX that revenue for the first half of 2016 had risen from $124.1m to $146.6m. EBITDA (earnings before interest, taxation, depreciation and amortisation) profits rose from $20.2m to $26.8m.

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Unlike rival company APN Outdoor’s update to the market yesterday, Ooh Media said that it was reaffirming its guidance on the profit it would make for the full year. After yesterday’s slight reduction in its profit prediction, APN’s share price plummeted by a third.

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.