NZME outlines strategic priorities, reports growth

NZME has shared its refreshed strategic priorities for the next three years at its annual shareholders' meeting.

The company aims to become the number one player in the audio sector, New Zealand's leading news destination, and establish OneRoof as the essential property platform.

NZME also reported a 69% year-on-year growth in digital revenue for OneRoof in the first quarter of 2024, amounting to $1.4 million in overall EBITDA.

Chairman, Barbara Chapman, highlighted the company's performance-driven strategy and focus on digital innovation.

She added that NZME's print and broadcast businesses remained strong.

CEO, Michael Boggs, expressed optimism despite the challenging operating environment and expects growth in EBITDA for 2024.

The company will also continue to consider capital management options.