Full year results now released: (link 1) | (link 2)
- Net debt reduced to $131.6M (down 55%)
- Revenue down 18.2% in audio and TV
- Expenses down 12.8% on FY2019
- Capex ($15m), 45% lower than in FY2019
- PodcastOne Australia revenue growth of 96% ($4.6m)
Appears the cost of acquiring Redwave Media and the two Carnarvon licences from Hits Radio Pty Ltd was $28.4m.