Press release - 13 July 2022 11:55

NHST Group reports second-quarter results

One of the leading business news providers has reported the group’s development for the second quarter of 2022.

The highlights for NHST Media Group in Q2 are:

- EBITDA was 22,4 million NOK
- Marketing Solution revenues have grown 5,4 % on last year
- Strong development of digital subscription revenues with a growth worth 16,7 % compared to the same period last year

- Growth in overall consumer business revenues year on year

- New milestone for digital performance; for the first time, more than 50 % of subscription revenues are digital.

Commenting on the results, Trond Sundnes, Group CEO of NHST says:
“NHST has demonstrated growth in both digital subscription revenues and in overall consumer business revenues. For the first time more than half of the revenue from subscriptions are digital, showing that the market still demands great journalism, products, and services online. This growth is a result of dedication and hard work across the organisation with a clear focus on profitability and growth as our main strategic focus.”

More details are to be found in the full quarterly report.

Topics

Contacts

Trond Sundnes

Press contact CEO trond.sundnes@nhst.com 91600214

Related media

NHST Quarterly Report second quarter 2022.pdf

NHST Quarterly Report second quarter 2022.pdf
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NHST GROUP’S DEVELOPMENT IN THE FIRST QUARTER OF 2022

• Stable revenues in the media business segment.
• Underlying revenue growth for the SaaS segment, but a stronger NOK leads to lower reported revenues in the segment.
• The media businesses and the SaaS businesses are both investing in product and organizational development.
• Group EBITDA was minus NOK 8,7 million for the quarter.
• New organization structure for the media segme

9 February 2023 13:22

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• Revenues for the media segment in the quarter were 1.3 per cent lower than the year before. The digital subscription growth continued although at a lower rate than earlier in the year. Total user revenues increased by 3.1% compared to quarter f

19 October 2022 09:28

NHST GROUP’S DEVELOPMENT IN THE THIRD QUARTER OF 2022

The Group is experiencing challenging market conditions as a result of macroeconomic slowdown in Europe, historically high energy prices and the highest inflation levels seen for a decade. But in light of these events, the need for independent high-quality journalism is higher than ever.