ARN Media Ltd. Reports 2026 Half Year Results
Key points
- Total revenue of $127.9m, down 14% year-on-year.
- Operating costs down 13% to $84.5m.
- Digital revenue increased by 55% to $13.7m.
Full summary
ARN Media Ltd. reported its half-year results for 2026, showing a total revenue of $127.9 million, a 14% decline from the prior year, primarily due to reduced Metro radio revenue share. The company managed to reduce operating costs by 13% to $84.5 million, with a focus on reinvesting in digital, data, and audience capabilities. Digital revenue grew by 55% to $13.7 million, and the company delivered $11.8 million in cost savings during the period. Despite a net loss of $27.6 million due to significant items, ARN Media remains focused on strategic reset, divestment of non-core assets, and strengthening its financial position.
Guidance
ARN Media expects to achieve $55 million in cost savings by FY27.
Outlook
ARN Media anticipates improved performance in the second half of FY26 as revenue share recovers and digital growth initiatives continue to scale.
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