Ooh Media reports ‘significant downturn in revenue’, but says 85% of April/May cancellations have deferred spend till H2

Ooh Media reported a ‘significant downturn in revenue’ at its general meeting with shareholders this morning, but says 85% of clients who would have cancelled in April/May have chosen to defer their spend till H2.

But in lieu of discussing specific figures, the outdoor media company instead chose to focus on the plans it had in place to bounce back from the COVID-19 pandemic, including a successful round of equity raising and over $50m in cost savings across the business.