Viaplay Group AB

VPLAY B

Equity

ISIN SE0012116390 / Valor 46168399

NASDAQ Nordic Exchange Stockholm, Equities (2024-09-18)

SEK 0.73-5.15%

Viaplay Group AB
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About company

Viaplay Group AB is a leading online video streaming service in Europe, offering a wide range of live premium sports, series, films, documentaries, and children's content. With a strong presence in the Nordic and Baltic countries, as well as expansion into Poland, the Netherlands, the UK, the US, and Canada, Viaplay has established itself as a successful and rapidly growing streaming company. Through its direct-to-consumer platform and branded content concept, Viaplay Select, the company provides customers with a unique entertainment experience and partners with global partners to distribute its compelling storytelling content.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Net Sales

In Q2 2024, Viaplay Group AB reported total net sales of SEK 4,485 million, a slight decrease from SEK 4,591 million in the same quarter of the previous year. The core operations, which include the Nordics, Netherlands, and Viaplay Select, saw net sales of SEK 4,292 million, reflecting a modest increase from SEK 4,282 million in Q2 2023.

Operating Income

Viaplay Group AB's total reported operating income for Q2 2024 was SEK 7 million, a significant improvement from an operating loss of SEK -6,551 million in Q2 2023. This figure includes associated company income (ACI) of SEK 28 million and items affecting comparability (IAC) of SEK 48 million.

Net Income

The net income for Viaplay Group AB in Q2 2024 was SEK -120 million, a substantial improvement compared to a net loss of SEK -5,886 million in the same quarter of the previous year. Earnings per share for the quarter were SEK -0.03, up from SEK -75.24 in Q2 2023.

Free Cash Flow

Viaplay Group AB generated a positive free cash flow of SEK 606 million in Q2 2024, a notable increase from SEK 263 million in Q2 2023. The company also reported a financial net cash position of SEK 372 million, compared to a net debt of SEK 1,879 million in the previous year.

Content and Partnerships

During Q2 2024, Viaplay Group AB announced the prolongation of its Formula 1 rights in the Netherlands and Nordics, as well as the extension of UEFA League rights in key markets. Additionally, the company secured Champions League rights in Sweden, reflecting its commitment to offering premium content and competing in core markets.

Summarized from source with an LLMView Source

Key figures

-98.1%1Y

-99.9%3Y

-99.7%5Y

Performance

177%1Y

134%3Y

107%5Y

Volatility