Strong year for Egmont in 2025
Media group Egmont delivered strong earnings once again in 2025, thanks to content success, stronger subscriber platforms and business improvements.
2025 was a strong year for Egmont. TV 2 reported growth in revenue from advertising, subscriptions and streaming. Nordisk Film saw an increase in cinema guests and released numerous successful movies and computer games. Story House Egmont’s magazine and agency businesses performed well, and e-commerce companies increased both revenue and earnings. The Norwegian and Danish publishing houses released many acclaimed new books.
Operating profit (EBIT) increased to a very satisfactory EUR 140m from EUR 102m in 2024. Operating profit before interest and amortisation (EBITDA) came to EUR 312m.
Egmont’s revenue was on a par with 2024 once adjusted for divestments, including Nordisk Film’s successful sale of GoGift. This was achieved despite upheaval in the global games industry leading to the cancellation of computer games projects at Nordisk Film, and despite TV 2 being hit by protracted negotiations with a distributor.
“I’m delighted with our performance in 2025,” says Egmont’s CEO Steffen Kragh. “Strong Nordic media content, expanded subscriber platforms and an unwavering focus on efficiency through the use of technology are enabling us to thrive despite challenging market conditions and global competition. 2025 brought many successful media productions and improvements in our businesses, for which I would like to thank all of our employees.”
Egmont is a leading Nordic media group which reaches millions of media users in the Nordic region and internationally with locally produced journalism, stories, experiences and quality content. Egmont is an enterprise foundation with a dual purpose. Profits are used partly to invest in the media business and partly to help vulnerable children and young people to live a good life. Egmont’s charitable activities amounted to EUR 15m in 2025.
| Key figures (EURm) | 2025 | 2024 | |
|---|---|---|---|
| Revenue | 2,198 | 2,278 | |
| Operating profit before depreciation and amortisation (EBITDA) | 312 | 283 | |
| Operating profit (EBIT) | 140 | 102 | |
Results for Egmont’s divisions:
TV 2
Revenue: EUR 660m (637m). Adjusted operating profit *: EUR 45m (37m).
TV 2 is Norway’s commercial public-service media house and delivers news, sports and entertainment through eight TV channels, Norway’s largest streaming service TV 2 Play and the news site TV2.no. TV 2 reported growth in both revenue and operating profit, driven by higher advertising and subscription revenue. However, activity levels were adversely affected by four months of black screens for Telia customers due to the negotiation of a new distribution agreement. TV 2 had 52.7% of the commercial TV market in 2025, and won two major journalism awards for its revelations on The Russian Cabins. TV 2 Play saw an increase in subscribers and outperformed state broadcaster NRK for a second year on daily viewing time.
Nordisk Film
Revenue: EUR 556m (643m). Adjusted operating profit *: EUR 52m (42m).
Nordisk Film delivers entertainment and experiences with the emphasis on storytelling through films, series, cinemas and computer games. Revenue fell as a result of the sale of GoGift and a more volatile market for films and computer games, which brought a decrease in externally financed computer games. The reason for the stronger operating profit was the sale of GoGift. Nordisk Film’s cinemas also performed well, and 2025 was a good year for film production and distribution, with an Oscar nomination and 61 local and international premieres.
Story House Egmont
Revenue: EUR 764m (778m). Adjusted operating profit *: EUR 47m (34m).
Story House Egmont publishes magazines in 24 countries and has a portfolio of e-commerce businesses and digital agencies. Revenue was up once adjusted for the sale of e-commerce company NiceHair at the end of 2024, while the higher operating profit was a result of operational improvements. In a structurally challenged market, Story House Egmont’s magazines make an important contribution to media diversity in Scandinavia. The digital agencies continued to grow, and the e-commerce companies increased both revenue and earnings.
Egmont Books
Revenue: EUR 218m (220m). Adjusted operating profit *: EUR 9m (14m).
Egmont Books comprises the Norwegian publishing house Cappelen Damm and the Danish publisher Lindhardt og Ringhof, both of which publish books and educational materials on all platforms and in all formats. Revenue was on a par with 2024, while operating profit fell, partly as a result of investments in digitisation. Cappelen Damm and Lindhardt og Ringhof won the year’s four biggest book prizes, three for Åsne Seierstad’s Ufred in Norway, and one for Niels Krause-Kjær’s Ude for Uden in Denmark.
* EBIT plus profit/loss from investments in associates and net financial income/expense from operations.
Egmont’s Grants
Egmont is an enterprise foundation with a dual purpose. Part of the profit generated by the media business is distributed to charitable activities helping children and young people at risk and supporting film talent (through the Nordisk Film Foundation), while the remainder is reinvested in developing the media group. Egmont had charitable activities of EUR 15m in Denmark, Norway and Sweden in 2025, including EUR 1m through the Nordisk Film Foundation, supporting a total of 28 new initiatives and projects (not counting the Nordisk Film Foundation). Egmont launched a new philanthropic strategy during the year with the focus on child poverty, education, and participation and empowerment for children and young people in difficult living conditions. In Denmark, the signature programme SygtStærk (StayStrong) became an independent organisation, and the long-term partnership with charity De Anbragtes Vilkår was extended. Egmont also provided support for BRIS in Sweden and GAME in Norway.