NZME has upgraded its financial forecasts and says revenue is better than expected.

The media company told the NZX this morning it expected operating earnings before interest, taxes, depreciation and amortisation (ebitda) for 2025 to be between $59 million and $62 million.

That was up on earlier guidance of between $57m and $59m.

The company - which owns the New Zealand Herald, Newstalk ZB, property site OneRoof and a host of other radio stations and North Island newspapers - said the midpoint of its new forecast was 12% higher than its operating ebitda in 2024 of $54.2 million.

“We’re pleased to upgrade guidance as our business shows signs of recovery, despite the continuing economic challenges across the country,” NZME chief executive Michael Boggs said.

“The company has had better than expected revenue performance coupled with continued cost control. This momentum positions us well as we enter FY26.”

NZME will in February publish its financial results for the year ended December 31.

NZME shares were trading at $1.05 at market close on Monday.

NZME earlier this year reported operating ebitda of $23.9m and an after-tax loss of $393,000 for the first half of 2025, with its board declaring an interim dividend of 3c a share.