NZME Ltd. ( (NZMEF) ) has released its Q2 earnings. Here is a breakdown of the information NZME Ltd. presented to its investors.
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New Zealand Media and Entertainment (NZME) is a prominent media company operating in the integrated media and entertainment sector, reaching a significant portion of the Kiwi population through its diverse platforms including print, digital, radio, and podcasts. In its latest earnings report for the first half of 2025, NZME reported a mixed financial performance amidst challenging economic conditions. The company’s operating revenue saw a decline to $165.7 million, attributed to the closure of its community newspaper network and a weaker digital advertising market. However, the company achieved a 12% improvement in underlying operating performance and a rise in operating EBITDA to $23.9 million. Despite a statutory net loss after tax of $0.4 million due to non-recurring expenses, NZME’s operating net profit after tax increased by 22% compared to the previous year. Key strategic focuses for NZME include the growth of its OneRoof platform, enhancing governance with new board appointments, and adapting to market conditions by optimizing costs. The company also launched new initiatives such as the iHeartCountry radio station and the Herald NOW video service to capture audience interest. Looking ahead, NZME remains committed to its digital transformation and cost management strategies, aiming to improve shareholder value and capitalize on future economic recovery.