Broadcaster SCA reported “strong” audio revenue, ahead of its own guidance, for the first four months of calendar 2025.
In a trading update, the company, also reported cost cutting and now intends to resume paying dividends to shareholders.
SCA said audio revenue is up about 9% on the same four months last year, driven by growth in both broadcast and digital.
Audio revenue is also up about 7% for the ten months to April.
Non-revenue related costs for the financial year are now forecast to be about $265 million, an improvement on the previous guidance.
This will result in non-revenue related costs being $5 million or 2% below the 2024 financial year comparative cost base of $270 million.
“Our focus on further improving the positive operating momentum within SCA to drive improved results and returns for all SCA stakeholders has continued into the first four months of calendar year 2025 with audio revenues up approximately 9%,” said SCA CEO, John Kelly.
“This ongoing momentum, which was first evident in the second half of FY24, is ahead of previous guidance and reflects our focus on building sustainable revenue growth across both broadcast and digital audio segments.”
However, he said the post-federal election advertising market is short with limited visibility, which makes it difficult to forecast in the lead up to the end of the financial year and beyond.
The company reported revenue up 5.3% to $209.7 million for the half year to December, delivering on its "transformation strategy". Net profit after tax was up 5.5% to $3.2 million.
SCA also announced today it had sold the last of its TV assets.
Seven West Media is buying assets in Tasmania, Spencer Gulf, Broken Hill, Mt Isa, Darwin and Remote, Central and Eastern Australia for about $3.75 million.
Overall, SCA has realised $19 to $24 million in selling out of TV.
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