ARN Media H1 FY26 slides: cost cuts offset revenue decline
ARN Media reported a decline in revenue in their first-half fiscal 2026 results, with total revenue falling 14% to $127.9 million. The company, however, managed to generate $18.2 million in EBITDA and achieved a strong free cash flow of $18.6 million. Cost cuts and digital growth were highlighted as key strategies to address the revenue decline.
Metro radio revenue decreased by 20% to $60 million, while regional revenue saw only a 1% decline. EBITDA saw a $6.8 million decrease from the previous period due to disciplined cost management. Digital EBITDA, however, grew by 55% to $2.1 million, indicating improved profitability in the company's growth segment. The company has taken major steps to stabilize its core business, including the divestiture of Cody Hong Kong and a settlement with Kyle Sandilands.
The revenue gap between ARN's audience share and revenue capture in metro markets is estimated to be $38.4 million, presenting a significant opportunity for revenue recovery.
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