Why didnt Austria-Hungary have any overseas colonies? (Short Animated Documentary)

Shout-out to my Patron Joshua for coming up with the series name.

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Why didn't the Austro-Hungarian Empire have a colonial empire like say Germany or Britain? Was there any interest in one? Where did they have their eye on?

Sources:
The Battle over Information and Transportation: Extra-European Conflicts between the Hungarian State and the Austro-Hungarian Foreign Ministry by James Callaway,

Colonial Austria: Austria and the Overseas (2012) by Walter Sauer,

Habsburg Colonial: Austria-Hungary’s Role in European Overseas Expansion Reconsidered by Walter Sauer.

Colonialism through Emigration: Publications and Activities of the ÖsterreichischUngarische Kolonialgesellschaft (1894–1918) by Simon Loidl.