Q1 2026 Viaplay Group AB (publ) Earnings Call Transcript
Key Points
- Viaplay Group AB (NENTF) reported a significant improvement in EBITDA, swinging from a loss of SEK175 million to a profit of just over SEK100 million.
- The integration of Allente Group is proceeding as planned, with expected cash cost synergies of SEK300 million to SEK400 million on a full-year run rate basis starting next year.
- Streaming subscription sales saw a 7.9% organic growth, driven by an increase in the D2C subscriber base and higher ARPU levels.
- The company achieved a positive free cash flow of SEK37 million, a significant improvement from a negative SEK671 million in the previous year.
- Viaplay Group AB (NENTF) is making progress with its strategic transformation, focusing on value over volume and enhancing its premium sports offerings.
- The B2B subscriber base declined year-on-year, reflecting a focus on value over volume in distribution agreements.
- Non-streaming subscription sales were down 4.6% on an organic basis, indicating challenges in the traditional TV segment.
- Total advertising sales decreased by 1.3% on an organic basis, impacted by the ongoing decline in linear TV advertising margins.
- The company faced a SEK140 million currency tailwind, which, when excluded, would have resulted in a year-on-year EBITDA decline due to content inflation.
- Sub-licensing and other sales reported a 17% organic sales decline, attributed to lower repeat and new sales compared to the previous year.
At this time, all participants are in a listener-only mode. My name is Matthew Hooper, and I will be your host today. Joining me here on the call are our CEO, Jørgen Lindemann, and our CFO, Johan Johansson. Welcome, gentlemen.
(Event Instructions)
Please be advised that today's conference is being recorded.
I will now hand the call over to Jørgen to walk you through the Q1 results. Over to you, Jørgen.
¸ -
Thank you, Matthew, and good morning, everyone.
So, this is our first set of results to include a full quarter contribution from Allente Group, which we consolidated 100% in November last year by buying the remaining 50% of the company that we know so well as long-term owner, partner, and operator.
The combination of Viaplay Group and the Lender Group has created a much larger group with more customer contact points and even stronger offerings for our partners, more content
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