oOh!media Reports Slight Revenue and Profit Decline

oOh media Ltd (AU:OML) has released an update.

oOh!media Limited, a leading Out of Home media company with over 35,000 locations, reported a slight revenue decrease of 2.8% and a 9.6% drop in profits for the first half of 2024 compared to the previous year. The company, which employs approximately 800 people and generated revenues of $634 million in 2023, attributes the decline to challenges in the market but continues to invest in technology and sophisticated data techniques for accurate audience targeting.

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