Q3 2025 Viaplay Group AB (publ) Earnings Call Transcript
Key Points
- Viaplay Group AB (NENTY) continues to execute on its strategy with a focus on long-term value creation, monetization, and performance improvement.
- The acquisition of Allente is progressing well, with approvals received from relevant authorities in Norway and Denmark, and expected completion in the fourth quarter.
- Viaplay's sports portfolio, including the Premier League and Formula 1, delivered strong engagement and viewership across markets.
- Advertising revenues grew by 2%, supported by digital, SVOD, and radio, reflecting a successful strategy to offset the decline in linear TV.
- The company maintains a strong focus on efficiency, profitability, and cash flow generation, with a goal to achieve double-digit EBITDA margins by 2028.
- Organic sales were down 3% year-on-year, with a significant 37% decrease in sublicensing and other sales.
- Core operating income before associated company income and IAC was negative SEK56 million, slightly worse than the previous year.
- The company faces challenges with higher sports content costs, which have impacted profitability despite cost-saving measures.
- Currency fluctuations had a negative impact on sales, with the stronger Swedish krona affecting revenues.
- Free cash flow for the quarter was negative SEK1.193 billion, reflecting seasonal working capital movements and higher sports payments.
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Good morning, everyone, and welcome to Viaplay Group's Q3 results conference call. My name is Anna Hedenberg and joining me here this morning is our Group President and CEO, Jørgen Madsen Lindemann; and our CFO, Johan Johansson.
Before we start, please be aware that today's call is being recorded. After the presentation, we will open up for Q&A. (Event Instructions) You can find all our results materials, including the presentation deck on the Investor Relations section of our website.
We won't be following the slides directly, but they contain all the key information for reference. With that, I'll hand over to Jørgen to walk us through the highlights of the quarter.
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Thank you, Anna, and good morning, everyone. We have continued to execute on our
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