NZME (NZE:NZM, ASX:NZM) lifted its 2025 operating earnings before interest, taxes, depreciation, and amortization guidance to between NZ$59 million and NZ$62 million, up from its earlier forecast of NZ$57 million to NZ$59 million, according to a Wednesday filing with the New Zealand and Australian bourses.
The revised outlook reflects stronger-than-expected revenue performance and continued cost discipline, with the midpoint of the new range representing a 12% increase on the prior year's result, the filing said.
The media company's New Zealand-listed shares surged almost 7% in recent Wednesday trade.
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