tiprankstipranks
Southern Cross Media Sees Strong Audio Revenue Growth
Company Announcements

Southern Cross Media Sees Strong Audio Revenue Growth

Southern Cross Media Group Limited (AU:SXL) has released an update.

Don't Miss our Black Friday Offers:

Southern Cross Media Group Limited reported a 4.8% increase in audio revenue for the first quarter of FY25, reaching $100.4 million, driven largely by a significant surge in digital audio growth. The company continues to maintain a strong position in key demographics, with its LiSTNR platform attracting over two million users and leading the podcast sales market. This growth momentum is anticipated to carry into the second quarter, as Southern Cross Media actively works to optimize its operations and reduce debt through asset sales.

For further insights into AU:SXL stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskSouthern Cross Media Director Increases Shareholding
TipRanks Australian Auto-Generated NewsdeskSouthern Cross Media Highlights Governance and Diversity
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App