Adslot Ltd (AU:ADS) has released an update.
Adslot Ltd has revised its agreement with GroupM, leading to a $2.2 million reduction in annual license fees and an equivalent cut in operating costs, maintaining net earnings for FY2025. Symphony, their media management platform, will exit Vietnam, India, and the Philippines but will continue in 9 other markets, including China and Australia, managing around $6B in media transactions. These strategic changes aim to optimize the deployment of their technology in markets with more sophisticated media trading needs and will not affect the 2024 Financial Year performance.
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