oOh Media posts 406% jump in full-year net profit to $31.5m

Darcy Song

February 20, 2023 10:20

In its latest full-year earnings, ASX-listed out-of-home company oOh Media posted a 406% year-on-year (YoY) increase in reported net profit after tax to $31.5 million, bouncing back from a $10.3 million loss at the end of 2021.

The group revenue for the 12 months ended 31 December 2022 was $592.6 million, an 18% YoY increase from $503.7 million in 2021.

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Darcy Song was a reporter at Mumbrella, covering media owners, adtech and social platforms. She left in October 2023.

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