New Zealand's NZME marks 6-week high on upgrading FY earnings forecast

NZME

28/10/2025 22:57

** Shares of media and entertainment company NZME NZM.NZ rise 6.7% to NZ$1.12, their highest level since September 17

** Co revises up FY25 operating EBITDA forecast to between NZ$59 million ($33.82 million) and NZ$62 million from previous range of NZ$57 million to NZ$59 million

** On track for strongest session since February 26, if gains hold

** About 543,045 shares change hands, 4.4x the 30-day average of 124,699

** Stock up 4.7% YTD

 ($1 = 1.7443 New Zealand dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.shaikh@thomsonreuters.com))