NZME clarifies Q4 advertising revenue guidance

Tue, 12 Nov 2024

NZME has clarified its guidance for advertising revenue in the fourth quarter of the 2024 financial year.

In a statement released on November 11, the company said advertising revenue for the full year was expected to grow by around 5% year on year.

However, it has now clarified that this growth estimate applies specifically to the fourth quarter of FY24.

The clarification does not impact the guidance for ebitda provided in the previous announcement.

Markets

Mexican and Chinese plants could face tariffs on exports to the US.

Pattrick Smellie 2:35pm

Markets

The company says the market has deteriorated.

Rebecca Howard 1:20pm

Markets

Company remains on track for monthly breakeven in the first half of next year.

Pattrick Smellie 10:30am