Q4 2024 Viaplay Group AB (publ) Earnings Call Transcript
Key Points
- Viaplay Group AB (FRA:NEB) reported a 5% organic sales growth, driven by growth in all areas except linear TV advertising.
- The company successfully grew its core D2C subscriber base, driven by sports packages and the introduction of the HVOD tier.
- Viaplay Group AB (FRA:NEB) implemented account sharing restrictions, which have shown early positive trends.
- The company expanded its anti-piracy measures, strengthening legal actions against illegal IPTV providers.
- Viaplay Group AB (FRA:NEB) achieved a 9% organic growth in its linear channel subscription business, driven by price adjustments and new distribution agreements.
- Advertising revenues declined by 3% due to a structural decline in linear TV advertising, despite growth in radio and digital advertising.
- Currency challenges, particularly due to a weak stake, remain a significant headwind impacting reported results.
- The company reported a negative IAC of SEK304 million, primarily due to currency revaluation effects.
- Viaplay Group AB (FRA:NEB) continues to face losses from non-core operations, with a focus on exiting Poland efficiently.
- Customer satisfaction concerns were raised, with external sources like Trustpilot showing a low rating, indicating potential issues with customer focus.
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My name is Anna Hedenberg and joining me here today are our Group President and CEO Jorgen Madsen Lindemann, and our CFO Johan Johansson. Welcome. Please note that today's call is being recorded. As always, you will be able to ask questions, either by using your phone keypad or the message board, but more about that later.
You can find all our results material, including the presentation deck on the investor relations section on our website. We won't be following the slides directly, but they contain all the key information for reference. With that, I hand over to you again to walk us through the highlights of the Q4 results.
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Thank you, Anna, and good morning, everyone. Our Q4 results are in line with our plan and expectations, and we reiterate our ambition for 2025, low to mid-sign percentage revenue growth and positive free cash flow
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