ARN Media shares plunge after warning full-year EBITDA could fall 27%

The news: Shares in ARN Media fell after the radio and audio business said its full-year EBITDA could be 25% to 27% lower than the prior year amid “significant softness” in the advertising market, according to a trading update.

The numbers: At 10:51am AEDT, shares in ARN Media had fallen 11.5% to 48 cents, with the stock down 34.3% in the year to date.

The context: ARN told the exchange that advertising spend is being hit by “broader economic uncertainty and cautious client sentiment”.

The company is still progressing its transformation program to generate $40 million of cost out initiative over three years. So far, $35 million has been actioned already. The cost profile for the second half of 2025 is expected to improve by 8% compared to the prior year.