NENT added 65,000 subscribers to its Nordic streaming business in the second quarter.
The figures are significant in what is traditionally a quiet quarter.
The company says it made “substantial progress” during Q2 in seizing what it sees as a significant opportunity in the Nordic streaming market.
A total of 244,000 subscribers were added in the last 12 months and Viaplays 1,421,000 subscribers now represent 60% of its total subscriber base.
“NENT Group comes out of Q2 even better positioned to benefit from the shift to on-demand and online viewing. Scaling Viaplay is the best way to create long-term shareholder value, and we intend to do so while continuing to deliver profitable growth,” said President & CEO Anders Jensen.
Net Income for the quarter was SEK 348 million (€33.1m), up from SEK 329 million.
