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oOh ! media Limited ABN 69 602 195 380 23 August 2021 ASX / MEDIA Release oOh ! media Limited ( ASX : OML ) ( oOh ! or Company ) today announced its financial results for the half year ended 30 June 2021 ( " 1H21 " ) . oOh ! successfully leveraged the continuing recovery in Out of Home audiences during the period to deliver a 23 % lift in revenue to $ 251.6 million compared to the prior corresponding period . The strong revenue uplift translated to underlying EBITDA more than tripling to $ 33.3 million , additionally supported through ongoing cost discipline and negotiated fixed rent abatement with commercial partners . At the same time , oOh ! continues to implement its strategy with a clear focus on its core Out of Home assets , continued digitisation of core sites and audience - focused selling . Overview ooh ! Strong revenue recovery and margin expansion with underlying EBITDA¹ more than tripling to $ 33.3m While COVID - 19 and associated periodic lockdowns continue to cause near term uncertainty , ooh ! remains in a unique position to leverage audiences through the scale and mix of our assets and continue revenue recovery as market conditions improve . ● ● ● ● Revenue up 23 % to $ 251.6m - Strong revenue recovery across key formats in Australia ( Road , Retail and Street Furniture ) and New Zealand . Road and New Zealand revenues performed ahead of 1H19 ( pre COVID - 19 ) oOh ! has the # 1 market position in both the Australian and New Zealand markets Gross margin of 42.5 % , ( up 8.8 points ) demonstrating strong recovery towards pre - COVID levels Underlying EBITDA up 209 % to $ 33.3m with margin expansion leveraging revenue uplift Continued negotiations with property partners delivers net rent abatements of $ 19m in 1H21 Underlying NPATA of $ 2.4m compared to loss of $ 16.9m in prior corresponding period Financial position strengthened further - gearing ratio down to 1.1 times ( from 1.8 times ) and net debt reduced by 16 % compared to 31 December 2020 Reported Net Loss after Tax of $ 9.3m ( post AASB16 ) compared to a loss of $ 28.0m in the prior corresponding period ¹ Underlying EBITDA pre AASB16 oOh ! media Limited - Level 2 , 73 Miller Street , North Sydney , NSW Australia 2060