NZME - New Zealand Media & Entertainment

[Sideshow Bob]

Oooooooh Nu Strategee Thingee!

https://www.nzx.com/announcements/421661

[winner69]

Ha ha ..they left the Disclaimer out

So it is really a load of rubbish ..read at your peril.

[nztx]

https://www.nzx.com/announcements/421156

AUCKLAND, 7 November 2023: NZME Limited (NZX: NZM, ASX: NZM) (“NZME”) notes that the economic environment over the past year has been challenging.

Advertising revenue for the first half of 2023 was down 7 percent year on year. Given this, NZME provided an update in August that it expected to achieve EBITDA at the bottom of the guidance range of $59 million to $64 million for 2023.

The second half has seen improvement in business confidence, but this is not yet consistently reflected in advertising revenue results:

• Quarter 3 advertising revenue was down 2 percent year on
year
• Quarter 4 started with October advertising revenue growth
of 1 percent year on year
• November (the largest revenue month of the year) and
December are currently pacing slower, with a number of
customer campaigns being cancelled or deferred until 2024

Given the current advertising revenue volatility in the market, NZME amends its guidance for EBITDA to be between $57 million and $59 million for 2023.

NZME is continuing its transition to a digital-led business and will update its shareholders at its Investor Day on 15 November 2023.

No mention of loss of a major customer that chucked a pot of gold the Media's way, before it lost it's way & was shortly thereafter found with empty pot ?

[Dlownz]

Well there goes my pick of 2024
I had this in there as a easy pick but where the hell has this rise come from.
Cant complain as I'm a holder.

[percy]

Well there goes my pick of 2024
I had this in there as a easy pick but where the hell has this rise come from.
Cant complain as I'm a holder.

Wife holds and NZM is included in her picks.
We too have no idea what is behind the big near 30% share price rise.

[nztx]

Wife holds and NZM is included in her picks.
We too have no idea what is behind the big near 30% share price rise.

Aussies having a little foray while Kiwi's are away sleeping it off on beaches ?

Mind you - not a h4ll of a lot of volume passing over the line

[Sideshow Bob]

https://www.nzx.com/announcements/426526

: NZME Limited (NZX: NZM, ASX: NZM) has announced its financialresults for the full year ended 31 December 2023 reporting a Statutory Net Profit After Tax (NPAT)of $12.2 million for the year.

The company also reported Operating Earnings Before Interest, Tax, Depreciation and Amortisation(EBITDA)1 of $56.2 million which was 13% lower than 2022. Operating Revenue1 was $346.6 million,down 5% on the year prior.

2023 was the Company’s final year of focusing on its three-year strategic targets that it set in 2020,achieving the majority of those targets, with the financial targets being impacted by the challengingeconomic environment. In November 2023, NZME announced its refreshed strategy, with digitaltransformation targets set for 2026.

Key Highlights
• NZME engages with more than 3.5 million people across New Zealand, reaching 85% of Kiwisaged 15+2
• Radio market revenue share3reached 43.1% - the highest since measurement began in 2016.• NZME audio revenues stable, despite a 6% overall market decline in radio advertising revenue.
• Continued to grow its digital audio business, growing digital audio by 23% with podcast revenuesup 54%.
• Publishing subscriptions increased to 222,000, including 130,000 digital only subscriptions.
• The publishing digital business is profitable, including when taking into account the fullinvestment in the journalism that appears on NZME’s digital platforms, and when the storiesappear in NZME’s print publications.
• OneRoof grew its digital revenue by 5% year on year despite a 12% reduction in new residentiallistings coming to market.
• OneRoof achieved a milestone of break-even EBITDA in the second half of 2024.

[Dlownz]

Not a bad result. Still collecting 9 to 10 % a year.

[percy]

Not a bad result. Still collecting 9 to 10 % a year.

Yes an excellent dividend yield.

[nztx]

Yes an excellent dividend yield.

Forward prospects in more a tighter recessionary environment ahead could be an issue