SCA reports a better than expected quarter for Q1 2021

May 6, 2021 10:34

Southern Cross Media Group (SCA) has shared with investors that its revenues continue to improve with the previous quarter advertising revenues down only 4.3% compared to the corresponding period in 2020, ahead of the projected negative 6% to 8% it had originally flagged.

It stated that audio revenue is growing “underpinned by a strong increase in digital audio listening and resulting monetisation”.

Full Financial Year EBITDA is forecast to be between $118 million and $125 million, while net debt is forecast to be between $55 million to $65 million.

Subscribe to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Olivia Kruimel

Olivia Kruimel was the managing editor at Mumbrella. She has more than 15 years of experience in journalism, communications and marketing. Her journalism career began at Fairfax Media (now part of Nine) and includes various B2B publications such as B&T, Travel Today and ALB. As a marketer Olivia has worked for Standard Chartered and various global law firms.