Brief: Viaplay Keeps FY Financial Targets Unchanged

Viaplay AB (publ)

22/10/2024 06:47

Oct 22 (Reuters) - Viaplay Group AB (publ)  VPLAYb.ST :
    * FULL-YEAR FINANCIAL TARGETS ARE UNCHANGED
    * WE ARE TAKING A WIDE RANGE OF ACTIONS TO CONTROL COSTS AND
PREVENT VALUE LEAKAGE
    * WE ARE STREAMLINING OUR OPERATIONS TO DRIVE EFFICIENCY
IMPROVEMENTS
    * WE REMAIN ON TRACK AND HAVE MADE NO CHANGES TO OUR FULL
YEAR
GUIDANCE
    * MEASURES THAT WE ARE TAKING TO REDUCE ACCOUNT SHARING WERE
IMPLEMENTED IN DENMARK, SWEDEN AND NORWAY IN QUARTER
    * LEVEL OF SHARING HAS ALREADY DECREASED, AND MAJORITY OF
FORMER
ACCOUNT SHARERS HAVE RETAINED THEIR SUBSCRIPTIONS
    * WE HAVE EXTENDED AND EXPANDED SOME AGREEMENTS, FOUND NEW
PARTNERS AND DISCONTINUED OTHER PARTNERSHIPS
    * Q3 TOTAL SUBSCRIBER BASE 6,309,000 VERSUS 6,664,000 YEAR
AGO

Source text for Eikon:  ID:nWkr2cF1n0 
Further company coverage:  VPLAYb.ST 

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