Impresa closed 2025 with flat revenues but a clear, cost-driven recovery in underlying profitability, returning to net profit after a goodwill-distorted 2024 and marking its strongest reported operational and net result since 2021. The net profit is modest in absolute terms, €1.2 million on revenues of €181.8 million, but the context matters. In 2024, the…
Polaris Media closed 2025 with revenue essentially flat, NOK 3,651 million (€312 million), barely changed from NOK 3,650 million the year before, while adjusted EBITDA improved 6% to NOK 310 million (€26 million). The headline stability conceals two very different stories within the same group: the Norwegian media houses delivered strong underlying growth driven by…
Caltagirone Editore’s 2025 results present two entirely distinct financial stories depending on which line of the accounts you read first. The income statement shows a company barely breaking even on its journalism operations, with a net profit of just €626,000, down from €8.2 million the year before, and an operating loss of €27.1 million. The…
TX Group closed 2025 with revenue down 7.3% and profitability broadly flat on an adjusted basis, a result that management presents as progress in what chairman Pietro Supino described as “once again highly challenging” conditions. The headline numbers look worse than the underlying reality, because 2024 free cash flow was boosted by a non-recurring distribution…
Atresmedia closed 2025 in a position of paradox. By audience and market share measures, it was a year of sustained leadership: a fourth consecutive year as Spain’s most-watched television group, record audience levels for Onda Cero radio, record streaming subscribers, and a total shareholder return of 26%. By the conventional financial measures that headline any…
Ekspress Grupp had a steady 2025 by its own modest standards: revenue grew, digital subscriptions rose, and the company remained profitable. But the headline numbers mask a year of significant structural moves: a forced sale of a news portal, a leadership transition at the top, and an increasing reliance on non-journalism revenue streams to sustain…
The New York Times had an exceptional 2025 by almost any measure. Total revenues reached $2.82 billion, up 9.2% on 2024, and operating profit jumped 22.9% to $431.6 million. The company ended the year with 12.78 million total subscribers, more than at any point in its 175-year history, after adding 1.4 million net new digital…
Agora had a better 2025 than it has had in several years, though the improvement came with a cost. Group revenue reached PLN 1.61 billion (approximately €379 million), up 8.5% on 2024, and operating profit rose to PLN 89.7 million (€21.1 million) from PLN 82.1 million (€19.4 million) the year before. Net profit attributable to…
TelevisaUnivision had a mixed but meaningful year in 2025. Total revenue fell 5% to $4.8 billion, and the company posted a net loss of $36 million. But strip away the noise of currency swings and an unusually big political advertising cycle in 2024, and the underlying picture looks considerably better: revenue was roughly flat, adjusted…
Alma Media had a good year in 2025, even if it was not quite a great one. Revenue reached €327.1 million, up 4.6% on 2024, and the company’s preferred measure of profitability, adjusted operating profit, grew by 6.8% to €82.1 million, representing 25.1% of revenue. Earnings per share rose by 5.9% to €0.67, and the…