https://www.nzx.com/announcements/407102
AUCKLAND, 22 February 2023: NZME Limited (NZX: NZM, ASX: NZM) (“NZME”) has announcedits financial results for the full year ended 31 December 2022 reporting a Statutory Net Profit AfterTax (NPAT) of $22.7 million for the year.
The company also reported Operating Earnings Before Interest, Tax, Depeciation and Amortisation(EBITDA)1 of $64.7 million – 4% higher than the comparative result for 2021, and OperatingRevenue1 growth of 7% year on year to $364.6 millionNZME is two years into its three year strategy and has delivered strong financial results, despiteanother challenging year.Key Highlights:
Operating Earnings Per Share (EPS)1 increased to 12.1 cents per share, 13% higher than 2021.
Total revenue increased across all three strategic pillars: Audio, Publishing and OneRoof, withtotal digital revenue up 16% on 2021.
Radio market revenue share2 reached 41.4% - the highest it has been since 2016.
Audio’s digital revenue overall also grew to $6.8 million from $4.5 million in 2021.
Publishing subscriptions increased to 209,0003, including 113,000 paid digital subscriptions.
OneRoof celebrated a 30% increase in digital revenue compared to 2021.