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NZME puts pause on vehicle classifieds push

The media company signed a memorandum of understanding last year with ASX-listed Gumtree to investigate launching a new vehicles marketplace.

Key points
  • Net profit: Rose to $13.1m after a $16m loss last year. 
  • Revenue: Down 1% to $345.6m.
  • Key takeaway: The company is back in the black following recent cost-cutting initiatives and the absence of one-off costs

Media company NZME is no longer exploring the possibility of establishing a motoring classifieds business with Australian classifieds firm Gumtree Group but remains open to launching its own venture.

The dual-listed publisher of the New Zealand Herald announced in May 2025 it had signed a memorandum

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Nicholas Pointon Tue, 24 Feb 2026
Contact the Writer: nicholas@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Key points
  • Net profit: Rose to $13.1m after a $16m loss last year. 
  • Revenue: Down 1% to $345.6m.
  • Key takeaway: The company is back in the black following recent cost-cutting initiatives and the absence of one-off costs
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NZME puts pause on vehicle classifieds push
Investment,
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