Southern Cross Media Group (ASX:SXL) reported a 1.5% increase in total revenue to AU$122.5 million in the fiscal first quarter compared with the previous year, indicating continued positive operating momentum, according to a Monday filing with the Australian bourse.
The company's total audio revenue was AU$100.4 million, up 4.8% from the same quarter in fiscal 2024, driven by an over 48% increase in digital and a 1.1% rise in broadcast radio, the filing said.
Looking ahead, total audio sales in the December quarter are expected to continue growing, according to the filing. For fiscal 2025, capital expenditures are expected to be below AU$10 million.
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