AUCKLAND, Today: TVNZ reported EBITDAF of $26.3 million for the six months to 31 December 2019 – $0.5 million (2%) above the previous year.
Total revenue was up $5.5 million (3%) to $179 million due to growth in both television and online advertising revenue.
Key drivers included strengthened share of TV advertising, continued online growth, and the positive impact of Rugby World Cup during the period.
Operational expenses of $152.8 million are $5.1 million (3%) higher than last year.
The company reported a FY2020 interim net profit of $15.8 million, up $5.0 million (47%) year on year.
‘Futureproofing’
TVNZ ceo Kevin Kenrick said: “This increase is consistent with TVNZ transformation plans to future proof business capabilities and migrate content investment from international to local, including sport.”
Full details in the PDF, below …
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