The Nordic Entertainment Group (NENT) saw its Viaplay subscriber total grow by 37,000 q-o-q and 24% y-o-y in the third quarter.
At the same time, its net sales in Q3 amounted to SEK3,799 million (€353.7 million) representing 10% organic growth on the previous year.
Its operating income was SEK302 million (SEK303 million) and net income SEK233 million (SEK270 million).
Commenting on the results, its president and CEO said: “Q3 was a historically important quarter for NENT Group. We have not only delivered on our profitable growth commitment, but Viaplay has continued to add subscribers at a healthy rate and are now up 25% in the twelve months. We have shifted to a functional operating model that will make us faster and more efficient, and we will launch Viaplay in Iceland in H1 2020. Furthermore, we yesterday announced an agreement to create a 50/50 joint venture between Viasat Consumer and Canal Digital, which is expected to yield substantial synergies and drive shareholder value.”
