Sweden · Delayed Price · Currency is SEK Viaplay Group AB Earnings Call Transcripts
Fiscal Year 2026
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Core operations delivered 25% higher H1 sales year-over-year, with EBITDA turning positive and strong cost synergies from the Allente integration. Streaming and digital segments grew, while linear and DTH declined. Sale of Dutch operations will reduce net debt and sharpen Nordic focus.
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Q1 2026 saw a 25% sales increase year-over-year, driven by the Allente integration and strong streaming growth. EBITDA swung to profit, free cash flow turned positive, and cost synergies are on track, though content cost inflation and FX volatility remain key risks.
Fiscal Year 2025
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Full-year targets were met or exceeded, with the Allente acquisition completed and integration underway. Q4 sales reached SEK 4.978 billion, EBITDA guidance for 2026 is SEK 1–1.4 billion, and double-digit EBITA margins are targeted for 2028. Net debt rose to SEK 5.5 billion due to refinancing and acquisition.
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Transformation strategy is on track with stable revenues expected, margin expansion targeted, and the Allente acquisition progressing. Digital growth offsets linear declines, while cost discipline and cash flow improvement remain priorities.
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Announced acquisition of Allente's remaining stake, boosting scale and financial profile. Q2 saw improved operating income, higher free cash flow, and subscriber growth, with updated guidance reflecting the combined group. Focus remains on financial discipline and deleveraging.
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Q1 saw a 5% organic revenue decline in core operations, with Viaplay segment growth offset by a sharp drop in sub-licensing. Cost control, account-sharing measures, and digital expansion are driving improved EBIT, but FX headwinds and legacy contracts remain challenges.
Fiscal Year 2024
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Q4 and full-year results met expectations, with 5% organic sales growth and improved D2C ARPU and subscriber base. Cost control, content optimization, and anti-piracy efforts remain priorities, while FX volatility and non-core losses continue to impact results.
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Q3 2024 results met expectations with organic sales growth, improved EBIT loss, and stable guidance. Sequential D2C subscriber growth was driven by new product tiers and anti-piracy measures, while cost control and partnership optimization remain key priorities.
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Q2 2024 saw 3% organic sales growth, strong digital ad momentum, and stable guidance despite FX headwinds and rising content costs. Price increases offset subscriber declines, and new initiatives target account sharing and piracy.