Television New Zealand (TVNZ) has reported earnings of $4.9 million for the year ending in June, following what it called a “challenging” 12 months.
The state-owned broadcaster will pay $3.1 million back to the government as a dividend. Alongside its financial update, TVNZ also revealed the country’s most popular shows.
The 6pm news, Shortland Street, Hyundai Country Calendar, and international hits like Love Island and The Rookie attracted large audiences. TVNZ+ streaming also grew, with 1.59 million people tuning in weekly, a 12.7% rise compared to last year.
While total revenue dropped by 2.7% to $281.1 million, digital advertising rose by the same 12.7%, showing that more companies are investing in online promotions. Digital ads now make up a quarter of TVNZ’s total advertising income and are expected to grow even further.
Chief executive Jodi O’Donnell said the company had reduced costs by $41.2 million and was focused on becoming New Zealand’s number one streaming platform. She praised staff for adapting during tough conditions.
As part of its “Digital+” strategy, TVNZ plans to double its younger audience numbers and triple digital advertising revenue within five years. Big sporting events, including the Fifa World Cup 2026 and national rugby competitions, will feature on the upgraded TVNZ+ service.
The new platform will also allow fans to buy special passes for live sports events, such as all 104 World Cup football matches.
