Viaplay (SE:VPLAY.B)
:VPLAY.B
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.1Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed but controlled picture: management met pro forma 2025 targets (including >SEK 1bn EBITDA pro forma and SEK 804m adjusted operating free cash flow), completed the Allente acquisition with clear synergy targets (SEK 300–400m run-rate by 2027) and demonstrated momentum in streaming, ARPU and digital advertising growth (+38%). Offsetting these positives are material near-term financial and operational headwinds — a large rise in net debt (~SEK 5.2–5.5bn), a one‑off SEK 2.5bn negative working capital swing in Q4, significant non-cash write-downs (SEK 642m), a 37% drop in sublicensing sales driving a 2% organic revenue decline in Q4, FX headwinds, and ongoing piracy and legacy content cost risks. Management framed many negatives as one-time or transitional (integration, working capital timing, refinancing) while outlining multi-year levers (pricing, ARPU, content/distribution renegotiations, Allente synergies) to reach double-digit margins by 2028. Overall the transcript balances meaningful operational progress and clear strategic roadmap against significant near-term financial and execution challenges.Company Guidance
Completed Allente Acquisition and Integration Plan
Completed purchase of remaining 50% of Allente in mid-November (initial price SEK 1.1bn; net cash paid SEK 600m in Q4). Integration underway with expected full run-rate cash synergies of SEK 300–400m from 2027 and quantified integration cash cost of SEK 270–330m to be reported as IAC in 2026.
Met Full-Year Pro Forma Targets and Delivered >SEK 1bn EBITDA
Met or exceeded pro forma combined Viaplay + Allente guidance for 2025; group now with almost SEK 22bn of annual sales and over SEK 1bn of EBITDA on a pro forma basis. Pro forma adjusted operating free cash flow of SEK 804m (vs guidance SEK 500–750m).
Streaming and Subscriber Momentum
Streaming business achieved 2% organic growth in Q4. D2C subscriber base grew quarter-on-quarter and ARPU increased for both D2C and B2B, driven by higher-share premium sports offerings and pricing actions.
Advertising: Strong Digital Performance
Digital advertising sales up 38% in Q4; total advertising sales stable year-on-year in Q4. HVOD accounted for an estimated ~15–20% of the customer acquisition base and is a fast-growing digital monetization channel.
Audience and Content Strength
Free TV channels grew audience shares in each market in 2025 vs 2024; secured expanded sports coverage (e.g., all 552 EFL Championship games annually, extended F1 and Winter Sports) and prolonged key rights (skiing, F1, darts).
Cost and Cash Discipline Indicators
Core OpEx reduced by ~2% before currency effects (in line with ~2% organic sales decline for core operations). CapEx guidance stable at ~SEK 150m pro forma for 2025; expected annual cash interest ~SEK 450m.
Guidance and Strategic Ambition
Reconfirmed ambition to deliver double-digit core EBITDA margins by 2028 (from 5.3% pro forma in 2025) and provided 2026 EBITDA guidance of SEK 1.0–1.4bn, with revenue guidance for 2026 broadly stable excluding currency effects and accelerated streaming growth expected to offset Allente DTH declines.
SE:VPLAY.B Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SE:VPLAY.B Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | kr1.15 | kr1.08 | -6.01% |
Oct 22, 2025 | kr1.27 | kr1.05 | -17.31% |
Jul 17, 2025 | kr0.71 | kr0.85 | +19.44% |
Apr 24, 2025 | kr0.80 | kr0.62 | -22.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Viaplay (SE:VPLAY.B) report earnings?
Viaplay (SE:VPLAY.B) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Viaplay (SE:VPLAY.B) earnings time?
Viaplay (SE:VPLAY.B) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Viaplay stock?
The P/E ratio of Viaplay is N/A.
What is SE:VPLAY.B EPS forecast?
Currently, no data Available