Operating profit after result from associates
TV 2 is Norway’s largest commercial media house and delivers news, sports and entertainment through eight TV channels and the streaming service TV 2 Sumo. From 1 January 2019, TV 2 has supplied public service TV under a new five-year contract with the Norwegian government, and a recent survey by the Norwegian Media Authority found that TV 2 is the country’s second-most credible nationwide news source.
TV 2 had an extraordinarily good year in 2019, with growth in both revenue and operating earnings thanks to strong content, higher audience share, more advertisers and more streaming subscribers.
TV 2 and NRK bought out Telenor’s stake in TV distributor RiksTV during the year, with each now holding half of the company. This led to a write-down of EUR 28m being charged against TV 2’s operating earnings.
The aggregate audience share of TV 2’s channels increased 1.3 points to 30.4%. TV 2 now reaches 71% of the population each week with its linear TV channels, with programme formats such as reality show Farmen, celebrity dance show Skal vi danse? and crime show Åsted Norge again proving very popular.
Streaming service TV 2 Sumo saw marked growth and now has more than 485,000 subscribers. TV 2 boasts Norway’s strongest range of sports coverage and broadened its offer further in 2019 with more winter sports rights. Together with Nordisk Film, TV 2 has launched the kids’ universe Oiii with a variety of new Norwegian children’s programmes.
Vimond, which supplies streaming technology to media companies worldwide, saw double-digit growth in licensing income.