NZME First Half 2023 Earnings: EPS: NZ$0.013 (vs NZ$0.044 in 1H 2022)

NZME (NZSE:NZM) First Half 2023 Results

Key Financial Results

• Revenue: NZ$163.3m (down 5.8% from 1H 2022).
• Net income: NZ$2.46m (down 72% from 1H 2022).
• Profit margin: 1.5% (down from 5.0% in 1H 2022). The decrease in margin was driven by lower revenue.
• EPS: NZ$0.013 (down from NZ$0.044 in 1H 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

NZME Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Media industry in Oceania.

Performance of the market in New Zealand.

The company's shares are down 5.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for NZME that you need to be mindful of.

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