Despite investments: NZZ presents solid half-year results
Digital offerings grow, print weakens: NZZ generated a solid Group result of CHF 6.9 million in the first half of 2025 despite a difficult market environment.
Operating income amounted to CHF 117.1 million and was therefore slightly below the previous year's level. While revenue in the user market fell by 2% overall - in particular due to declining revenue from the architecture and design community DAAily platforms - growth in the digital sector partially offset the structural decline in the print business.
In the advertising market, NZZ grew in the online segment thanks to a new marketing partnership in Germany and the acquisition of the digital agency Attackera: advertising income rose by 3 percent overall to CHF 47.3 million. However, the negative trend in the print advertising market continued and dampened growth.
Investing in quality and innovation
The editorial team and digital products were further expanded - with new podcasts, newsletters and app functions. This contributes to the strategy of strengthening the position in the reader market and increasing customer loyalty.
According to NZZ, the second half of the year will remain challenging: the pressure from artificial intelligence and the economic uncertainty will demand a lot from the media company. Nevertheless, thanks to its clear strategy and strong brand, NZZ believes it is well equipped to actively shape the digital transformation and make targeted investments in promising areas.
