Place-based media company Motio expects to close the financial year with record growth despite a cautious advertising market.
The ASX-listed company now expects to deliver cash EBITDA (earnings before interest, taxes, depreciation, and amortisation) growth of more than 24%.
“May delivered the highest revenue month in Motio's history and, with June almost complete, we are on track to surpass that record once again,” said CEO Adam Cadwallader.
“Pleasingly, this momentum has been broad-based across the business rather than being driven by a small number of campaigns or customers.”
He said the national advertising business has continued to perform strongly, its programmatic channel continues to build.
“We have seen an increasing number of campaigns booked and delivered at very short notice,” he said.
“Importantly, our forward revenue position remains healthy, giving us positive momentum as we commence FY27.”
The company specialises in digital networks across medical centres, sporting clubs and transit networks.
Motion shares were up 12% to $0.056 in morning trading.
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