Viaplay Q4 Results Show Signs Of Green Shoots But Write-Downs And “Provisions” Serve As Reminder Of Brutal 2023
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deadline.comViaplay has posted organic group sales for Q4 up 3.4% and saw comparable losses shorten, as the Scandi streamer continues to reshape its business after a brutal 2023.
Sales stood at SEK4.3B ($419M) in Q4 of 2023, compared with SEK4.67B a year prior, and the operating loss (before associated company income and items affecting comparability) was SEK230M, better than last year’s SEK284M.
However, when the various sports content write-downs and other “provisions” related to the company’s strategy shift last year were factored in, the operating the loss was SEK2.86B, its interim report for Q4 revealed.
After expanding internationally into territories such as the UK and U.S., Viaplay was hit badly by global economics and the fight for subscribers.
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