NZME Ltd. (NZMEF) has released an update.
NZME Ltd. announced a renewed three-year strategy focusing on dominating audio markets, leading in news, and establishing OneRoof as an essential property platform, despite a challenging economic climate. OneRoof exhibited a 69% digital revenue increase and an improvement in EBITDA to $1.4 million for Q1 2024, signaling strong growth potential. The company also reported a 4% rise in advertising revenue and projects an EBITDA of $57-$61 million for 2024, with dividends totaling 9 cents per share paid in the previous year.
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