Company Interview / ARN Media forecasting higher revenue amid cost-cutting measures

CEO Ciaran Davis from ARN (ASX: A1N) shares insights on the company's financial performance, highlighting a 9% growth in overall revenue and a 30% increase in EBITA. Despite challenges in the ad market, the radio business shows stable revenue and strong cash generation, benefiting shareholders.

The CEO also notes an increase in audience numbers and digital audio revenue, which supports low single-digit growth in 2025. Investing in content and local talent is key as ARN (ASX: A1N) adjusts its business model to focus on total audio listening and monetisation.

Discussing market movements, Ciaran addresses challenges faced by major shows and plans for content investment. The recent acquisition of contracts in Hong Kong is expected to generate free cash flow by 2025, reinforcing ARN's commitment to maintaining relevance and profitability in a competitive landscape.