Schibsted ASA

SCHB

Equity

ISIN NO0010736879 / Valor 28348448

Oslo Stock Exchange (2026-10-09)

NOK 201.20+4.03%

Schibsted ASA
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About company

Schibsted ASA is a Oslo‑listed Nordic media and online‑marketplace group that combines national and regional news operations with consumer digital marketplaces and technology investments. Its media portfolio includes major Norwegian and Swedish outlets such as Aftenposten and VG, and its marketplace businesses operate leading classified platforms in the Nordics (notably FINN in Norway and Blocket in Sweden); the company derives revenue from advertising, digital subscriptions and marketplace fees. Schibsted also invests in and develops digital consumer services and growth-stage tech businesses to support its transition from legacy print media toward recurring‑revenue digital models, and it operates primarily across Norway, Sweden and other Nordic markets.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Top-line and profitability

Total operating revenues: NOK 12,523m (2024: NOK 7,544m). Gross operating profit: NOK 1,503m (2024: NOK 399m). Depreciation & amortisation: NOK -594m (2024: -466m). Operating profit (EBIT): NOK 586m (2024: -40m). Profit before tax: NOK 446m (2024: NOK 123m). Profit for the year: NOK 357m (2024: NOK 127m).

Acquisition impact (TV4 & MTV)

Schibsted completed the acquisition of TV4 and MTV in July 2025, doubling the group’s size and adding ~1,200 employees. The inclusion of TV Media (TVM) from 1 July materially drove the year-on-year revenue and asset increases and is central to the company’s strategy to build a connected Nordic media ecosystem; integration work continued through 2025–2026.

Cash flow and financing

Net cash flow from operating activities: NOK 1,772m (2024: NOK 84m). Net cash flow from investing activities: NOK -5,738m (2024: NOK 1,104m), mainly reflecting the TVM acquisition and continued product/content investments. Net cash flow from financing activities: NOK 4,672m (2024: NOK -903m). Cash and cash equivalents at year-end: NOK 1,044m (2024: NOK 337m). The Group reports a long-term liquidity reserve of NOK 2,044m.

Balance sheet and leverage

Total assets: NOK 14,515m (2024: NOK 5,807m), driven by recognition of goodwill, intangibles and content rights related to the acquisition. Equity: NOK 3,174m (2024: NOK 1,483m, including owner capital contributions). Net interest‑bearing debt: NOK 2,689m (2024: net cash NOK 334m) — the debt increase largely related to acquisition financing.

Operational KPIs

Reported operating scale and engagement metrics: ~3,422 employees across Norway, Sweden and Finland; ~10.3 million daily users in the Nordics; ~4.05 million direct-to-customer (D2C) subscribers reported across brands. The Group emphasises growth in digital revenue streams (subscriptions, digital advertising and video) as strategic priorities.

Risks and outlook

The Board highlights structural industry challenges—declining print and linear TV, advertising market volatility, shifting user habits and regulatory/data risks—but positions the company to respond via a Nordic-focused strategy, increased first‑party data, AI investments and a streamlined technology/operating model. Liquidity and covenant compliance were reported as satisfactory at year-end 2025.

Summarized from source with an LLMView Source

Key figures

-40.9%1Y

-8.13%3Y

-47.3%5Y

Performance

35.3%1Y

36.0%3Y

38.3%5Y

Volatility