Viaplay rises after Q3 loss narrows helped by streamlining
22/10/2024 09:07
** Shares in Viaplay VPLAYb.ST jump 4% after the Swedish
video streaming company continues streamlining its operations
according to plan, posting a narrowing loss for Q3
** It reported Q3 adjusted EBIT loss decreasing to SEK 56
million ($5.32 million) from a loss of SEK 321 million year ago
** "There is still much more to be done, but we remain on
track," Viaplay's CEO said in a statement, adding that the
company is making "steady progress" towards its long-term goals
** The company kept its 2024 financial targets intact
($1 = 10.5231 Swedish crowns)
(Reporting by Marta Frąckowiak)
((marta.frackowiak@thomsonreuters.com))