Ooh Media swallows bitter NZ pill, posts good revenue gains

Ooh Media has delivered strong half-yearly revenue gains across its major portfolios, but took a one-time profit hit due to losing the high-margin Auckland Transport contract.

The company’s group revenue jumped by 17% for the half-year ending June 30, up to $336.2 million from $288.3 million in the first half of 2024.

Outgoing CEO Cathy O’Connor said during the company’s earnings call that 20% of this revenue growth was attributable to new business, with the remaining 80% due to returning and continuing business.

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