Latest news with #Schibsted
Yahoo
08-05-2025
- Business
- Yahoo
Schibsted ASA (SBBTF) Q1 2025 Earnings Call Highlights: Revenue Growth and Strategic ...
Group Revenue: NOK 2,015 million, a 4% year-on-year increase. Group EBITDA: NOK 394 million, an 18% increase year-on-year. Share Buyback Program: Initiated a NOK 2 billion program. Special Cash Dividend: Planned NOK 500 million linked to proceeds from Adevinta. Mobility Revenue: Declined by 1%; adjusted growth would have been 4% excluding certain factors. Real Estate Revenue: Increased by 20%, driven by 18% growth in classified revenues. Jobs Revenue (Norway): Increased by 5% despite a 10% volume decline. Re-commerce Revenue: Declined by 6%, with a 30% growth in transactional revenues. OpEx (excluding COGS): Declined by 9% year-on-year. Net Loss: NOK 2.2 billion, impacted by a fair value adjustment related to Adevinta. Cash Flow from Operations: NOK 257 million, up from NOK 10 million in Q1 last year. Net Cash: NOK 1.4 billion at the end of the quarter. Release Date: May 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Schibsted ASA (SBBTF) reported a 4% year-on-year increase in group revenues, reaching NOK2015 million. The company achieved an 18% increase in group EBITDA, amounting to NOK394 million, driven by strong performance in real estate and reduced operating expenses. A new NOK2 billion share buyback program was initiated, alongside a planned NOK500 million special cash dividend linked to proceeds from Adevinta. The real estate segment saw a 20% revenue increase, supported by a vibrant Norwegian market and strong ARPA growth. Schibsted ASA (SBBTF) successfully reduced OpEx excluding COGS by 9% year-on-year, reflecting effective cost management and workforce reductions. Negative Points Advertising revenues declined by 30%, primarily due to the separation from media, impacting overall revenue growth. The exit from jobs in Sweden and Finland negatively affected revenue growth, with ongoing impacts expected throughout 2025. Re-commerce revenues declined by 6%, influenced by the phase-out of non-core revenue streams and a 42% drop in advertising. Mobility revenues declined by 1% in Q1, with challenges in the professional ARPA segment due to customer churn. The company anticipates muted total revenue growth for the remainder of 2025, driven by advertising revenue pressures and strategic business simplifications. Q & A Highlights Q: Can you clarify the timing of the decision to sell the delivery business? Was there a strategic shift or change in performance that accelerated this decision? A: Per Morland, CFO, explained that there was no major strategic shift or change in the buyer landscape. The decision was part of a long-term strategy, and they are now ready to move forward with the sale.
The Guardian
01-04-2025
- Politics
- The Guardian
Outlets seek fresh strategies as UK poll shows ‘news avoidance' on the rise
Newsrooms around the world are deploying 'ethics boxes', story summaries and bite-size explainers to tackle the growing trend of 'news avoidance', as an increase in content and distrust in the media cause more people to tune out. Less than half (47%) of those asked about their news consumption said they viewed television news programmes regularly or had done so in the last week, according to a new Opinium poll. The figure fell to 29% for radio news and 26% for news websites. The wars in Gaza and Ukraine, inflation and the climate crisis have contributed to increased concerns that the news is too negative, too voluminous and too overwhelming, according to research examining the problem. The trend of consciously avoiding the news is being bolstered by a lack of trust in the media among young people – as well as technical changes to social media and search platforms that has meant less traffic driven towards news sites. Reaching generation Z is a major preoccupation in newsrooms. With trust seen as a driver of their fatigue, some editors in the UK are planning to push content that tells them how a story was put together, with more explicit information about the number of sources spoken to and the main characters involved. The Scandinavian media company Schibsted has already started to put 'ethics boxes' on stories, describing the editorial decisions that went into them. These have included why someone accused of a particular crime has been named and depicted, along with the rules the publication tries to follow. It is an attempt to respond to recent research that trust of traditional news brands has waned among young people. It comes against a backdrop of a long-term decline in seeking out the news, with the British among those suffering from the most fatigue. The proportion who say they have a high interest in news has almost halved in the UK over the last decade, from 70% in 2015 to 38% last year, according to the Reuters Institute for the Study of Journalism. Women, young people and those without a university degree make up a significant proportion of that decline. News outlets across Europe are now exploring ways to make content more personal and less overwhelming for users. Industry figures said that there were now distinct news 'snackers', who wanted concise but regular news, as well as 'briefers', who just wanted a one-off update, helping them to limit their news consumption. As a result, the use of explainers is set to grow, helping those with less interest to catch up on events. Breaking news summaries are also aimed at those seeking only the latest events. Greater 'personalisation' is seen by BBC bosses as key in appealing to news avoiders, particularly younger audiences. Artificial intelligence is expected to play a part in the corporation's personalisation plans, which have yet to be outlined, and it has strict guidelines on how the technology can be used. The public remains wary of the corporation using AI. Asked if they would support the BBC using it to personalise their content, only 13% supported the idea, with 46% opposing it. Major newsrooms are actively seeking to produce fewer stories to avoid overwhelming users. Swedish newspaper Svenska Dagbladet (SvD) has launched a product called Kompakt, with the tag line: 'Read less, know more.' Concerns over news avoidance also partly account for the boom in newsletters and podcasts, which curate a handful of manageable stories most important for the audience. There are also attempts across Europe towards 'constructive journalism', which seeks to increase features on how societal problems are being solved and the people solving them. A race to provide short video content is also expected, including more conversational podcasts, as well as broadening offers with puzzles and lighter content. Reach, the group that publishes the Mirror and Express titles, recently opened studios in London aimed at creating 'vertical video' that can be watched on phones.
