Prime Media Group Limited announced revenue results for the first quarter ended September 30, 2018. Total advertising revenue for the quarter to 30 September 2018 has declined 9.1% on the prior period. National agency revenue in the first quarter was back 8.3% while local direct revenue declined 12.3%.

The company provided earnings guidance of for the half year ending December 31, 2018. The company's earnings before interest tax and depreciation for the half-year to 31 December is expected to be between $15.5 million to $17.5 million. Net interest bearing debt at 31 December 2018 is forecast to be between $28 million and $30 million. The company expected its core net profit after tax for the half-year to 31 December 2018 to be between $6 million and $8 million.