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Telia TV & Media Q2 sales and EBITDA fall 30% as sports cancellations hit subscription and ad income

Friday 17 July 2020 | 11:52 CET | News
Telia Company said that the TV & Media division set up in Q4 2019 for the operations taken over from Bonnier Broadcasting were affected in the second quarter of 2020 by Covid-19. Revenue and adjusted EBITDA both declined by about 30 percent on a like-for-like basis. Cancellations and postponements of sport events and seasons because of coronavirus hit pay-TV revenues, as Telia lowered its prices, and as advertising revenue fell.

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Categories: Broadcast & Satellite / Internet
Companies: Telia
Countries: Finland / Sweden
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