Earnings byks from subscribers for Schibsted’s Norwegian media home

– I learn that as an indication that our customers admire the content material we provide, each within the type of high quality journalism and different content material that fills a necessity and is perceived as related, says govt vice chairman for information media, Siv Juvik Tveitnes, in a press launch.

In complete, the annual outcome for the media group’s information media, which additionally consists of Podme AS, ended at NOK 91.3 million.

This is a rise of 55 per cent from the earlier yr, however the director factors out that the annual end in 2022 was weak.

Retail gross sales fall

In 2023, all the group’s media homes may individually present double-digit proportion development in digital subscription revenues. For VG, nonetheless, the expansion was not sufficient to offset the autumn from free gross sales.

VG ended final yr with a lack of NOK 14 million – a lower of effectively over 100% from 2022.

The subsidiary VGTV, then again, had a optimistic annual revenue of NOK 4.8 million – up nearly 59 per cent.

– In case you take a look at the annual accounts for the 2 mixed, which is pure on a regular basis the principle weight of VGTV’s revenue and prices accrues to VG, the working result’s optimistic. For a similar motive, it is usually not applicable to measure VGTV’s remoted profitability, explains Tveitnes.

Sturdy Aftenblad

Regardless of a damaging annual revenue of minus NOK 17.6 million, E24 had a powerful revenue enchancment of over 40 per cent final yr in comparison with 2022.

On the identical time, Aftenposten’s annual outcome elevated by 51 per cent, Bergens Tidende by 77, and Stavanger Aftenblad by as a lot as 344 per cent in comparison with the earlier yr.

– In Stavanger they’ve actually stepped up – each financially and editorially. The outcome for 2023 is the strongest for a number of years, with a rise in each revenues and working revenue. In comparison with the earlier yr, consumer revenue elevated by a powerful NOK 17 million, says Tveitnes.

The podcast platform Podme ended final yr with a damaging results of minus NOK 34.8 million. It is a lower of 14.5 per cent from the earlier yr.