BUZZ-Australia's oOh!media hits nearly nine-month low on earnings forecast cut
Reuters
Nov 07, 2025
BUZZ-Australia's oOh!media hits nearly nine-month low on earnings forecast cut
** Shares of Australia's oOh!media OML.AX fall as much as 7.8% to A$1.235, their lowest since February 14
** Co says Q4 revenue now expected to be slightly below the year-earlier level
** Says this is due to subdued market conditions early in the fourth quarter and material impact from a non-renewal of a contract in NewZealand
** Says CY25 gross margin is now expected to be ~43.0%, lower than the ~44.0% previously expected due to lower-than-expected revenue and adverse channel mix in 2H25
** Advertising market activity softened in October, co says
** Shares up 9.1% YTD
(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com))
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