NZME records $22.7m profit as digital income grows

NZME records $22.7m profit as digital income grows
NZME chief executive Michael Boggs. (Image: NZME)
Daniel Dunkley
New Zealand Media and Entertainment (NZME) recorded a net profit of $22.7 million last year following a 16% increase in digital revenue across its platforms.The NZ stock exchange-listed media group behind BusinessDesk, The NZ Herald and Newstalk ZB reported full-year earnings before interest, tax, depreciation and amortisation (Ebitda) of $64.7m for the year to Dec 31, in line with revised guidance issued in November.The earnings figure was down slightly on last year’s $66m, but 4% higher when adjusted to exclude the one-off impact of the...

More Markets

NZ sharemarket claws back to end the week up 0.5%
Markets Market close

NZ sharemarket claws back to end the week up 0.5%

Index rumours drive prices on two shares. 

Graham Skellern 13 Dec 2024
Staff leave Meridian after retail 'reset'
Markets

Staff leave Meridian after retail 'reset'

Expect a very different approach from Meridian in 2025, executive says.

John Anthony 13 Dec 2024
NZX, NZSA want level playing field in climate reporting
Markets

NZX, NZSA want level playing field in climate reporting

Climate reporting liabilities for company directors could soon be eased.

Greg Hurrell 13 Dec 2024
Cannasouth delisting keeps Petterson in charge
Markets

Cannasouth delisting keeps Petterson in charge

Cannasouth major shareholders pushed to end voluntary administration they had called in.

Garth Bray 13 Dec 2024