Spark NZ - Low Expectations—Up to OUTPERFORM
We upgrade our rating on Spark (SPK) to OUTPERFORM. We expect structural, competitive and cyclical headwinds to slowly start to ease through 2025.
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Spark NZ - 1H25 Result—Reality Check; Up to NEUTRAL
Spark NZ (SPK) has had four major downgrades in less than a year, driven by a combination of structural, cyclical, and competitive pressures—all of...
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Spark NZ - 1H25 Preview—Time to Stem the Flow
Spark (SPK) is due to report its 1H25 result on Friday, 21 February. 2024 was a tough year for SPK, with two guidance downgrades and two soft results.
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Spark NZ - No Spark in the Broadband Market Either
In this report, we introduce a web-scraping tool that tracks market share of web traffic among New Zealand’s Internet Service Providers (ISPs) over...
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Spark NZ - No Spark in the Mobile Market Yet
Recent data points have illustrated the challenging position Spark NZ (SPK) is in and the absence of any improvement in key trends.
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