ProSiebenSat.1 closed 2025 in a state of profound transition, financially, strategically, and at the level of ownership. Revenues fell 6% to €3,675 million, adjusted EBITDA dropped 28% to €403 million, and the reported net loss widened to €181 million. While revenues remained within guidance and the leverage ratio stayed within the target corridor, earnings came…
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…
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…
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…
Financial Performance in 2025 Lagardère posted its strongest financial results in years in 2025. Group revenue reached €9.35 billion, up 4.6% on a reported basis and 3.8% on a like-for-like basis, stripping out currency effects and acquisitions. Recurring EBIT, the group’s headline profit measure, hit a record €641 million, an 8.1% increase year-on-year. Profit attributable…
ITV’s full-year 2025 results tell the story of a broadcaster in managed decline on its traditional revenue lines but with genuine momentum on the digital side, a balance the company frames as transformation rather than contraction. Group total external revenue rose by a modest 1% to £3.51 billion, while total group revenue was flat at…
Sanoma’s 2025 results illustrate a company navigating two very different markets at once: a mature national media business facing structural advertising pressure and a pan-European educational publishing division benefiting from rising margins and cyclical curriculum demand. Group net sales fell 3% to €1,302.5 million, with both operating segments declining modestly. The decrease reflects a combination of…
TF1 Group’s full‑year results for 2025, published on 12 February 2026, capture a business at an inflection point. The headline numbers show resilience under pressure: consolidated revenue fell 2.5% to €2,297 million, yet on a like‑for‑like basis and at constant exchange rates the decline was just 0.8%. Adjusted for portfolio disposals, notably the sale of…
Reach published its full‑year 2025 results on 3 March 2026. On an adjusted basis, the headline numbers showed a business holding its ground: adjusted operating profit rose 2.4% to £104.7 million, adjusted operating margin increased from 19.0% to 20.2%, and adjusted operating costs fell 5.2%, outperforming a 4–5% reduction target. The total dividend was maintained…
Dagbladet Børsen ended 2025 in a position that few legacy newspaper companies in Europe currently occupy: growing, solidly profitable, conservatively financed, and deliberately preparing for a future in which print may no longer exist. For the year, the company generated approximately DKK 334 million in revenue, equivalent to roughly €44.7 million, and recorded EBIT of…