Sweden's Viaplay Q3 net sales rise, maintains 2026 forecast

Overview

• Sweden-based entertainment provider's Q3 net sales rose yr/yr, operating income improved

• Core operation net sales stable organically, EBITDA before ACI and IAC increased

• Company progressing with Allente integration and Dutch operations sale

Outlook

• Viaplay maintains 2026 core operation EBITDA before ACI and IAC guidance of SEK 1.0-1.4 bln

• Company expects 2026 core operation net sales to be stable year-on-year on an organic basis

• Viaplay sees Allente Group integration yielding SEK 300-400 mln annual cash synergies in 2027

Result Drivers

• SUBSCRIPTION SALES - Streaming subscription sales rose 4% organically, with stable Viaplay subscriber base and growth from Q2

• CONTENT OFFERING - Premium sports and new non-sports titles, including exclusive football coverage and local productions, attracted large audiences

• ALLENTE INTEGRATION - Synergies from Allente Group integration and content savings helped offset higher sports rights costs and inflation

Company press release:

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "strong buy"

• The average consensus recommendation for the broadcasting peer group is "buy."

• Wall Street's median 12-month price target for Viaplay Group AB (publ) is SEK1.55, about 24.7% above its October 21 closing price of SEK1.24

• The stock recently traded at 109 times the next 12-month earnings vs. a P/E of 251 three months ago

Reuters Recommended Reads

• Oct 20 - UK's Physitrack Q3 revenue rises on subscriptions

• Oct 20 - Singapore's Karooooo Q2 subscription revenue rises 20%

• Oct 22 - Telia raises its 2026 outlook

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)