NZME records $22.7m profit as digital income grows

NZME chief executive Michael Boggs. (Image: NZME)

Wed, 22 Feb 2023

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...

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