Ooh Media’s revenue up 23% to $251.6m as outdoor’s recovery continues

Ooh Media has continued its ongoing recovery after a 2020 heavily impacted by COVID, reporting revenues of $251.6 million for the first half of the 2021 calendar year, a 23% bump year-on-year.

The turnaround follows a 22% revenue decline reported in Q1 2021, while the latest results also saw underlying EBITDA skyrocket 209% to $33.3 million.

Despite reporting underlying NPATA of $2.4 million, there was a $3.9 million loss when it came to NPAT. That result still showed significant recovery, compared to a loss of $16.9 million in the prior corresponding period.