Viaplay narrows losses and completes sale of Dutch division
Viaplay reported a sharp decrease in quarterly losses and has finalized the sale of its Dutch operations to DPG Media for 142 million euros. The acquisition, which includes key sports broadcasting rights, received approval from the Netherlands Authority for Consumers and Markets and will see current user services remain unchanged for now.
Viaplay has significantly improved its financial performance, reporting a net loss of 30 million Swedish krona in the third quarter, down from 142 million krona during the same period last year. This recovery was bolstered by increased revenue and the recent full acquisition of the Scandinavian television provider Allente. As part of a broader strategy to stabilize its finances and focus on its core Nordic markets, the company has officially offloaded its Dutch division.
The Netherlands Authority for Consumers and Markets has approved the 142 million euro sale of Viaplay Netherlands to DPG Media-owned Videoland. This deal transfers high-profile broadcasting rights, including Formula 1, Premier League football, darts, and hockey, to the new owner. While the acquisition process moves toward finalization, both companies have confirmed that existing subscriptions, pricing, and applications will remain unchanged for users in the interim. Viaplay CEO Jørgen Madsen Lindeman stated that the move is essential for reducing the firm's debt burden and strengthening cash flow.
Based on reporting by nu. Translated and condensed by LocalHeadlines.
