Advertising revenues are expected to be down between 12% and 16% on an organic basis in Q2, due to the sharp and rapid deterioration in the TV and radio advertising markets. The Group expects a Q2 closing Viaplay subscriber balance of 7.7 million, Q2 sales of between SEK 4.5 and 4.6 billion, and Q2 EBIT before ACI and IAC of between SEK -250 and -300 million. The Board of Directors has accepted Anders’s resignation, and is pleased to announce the appointment of Jorgen Madsen Lindemann as the new CEO of Viaplay Group with immediate effect. Group CEO Anders Jensen has today offered his resignation. An update on the medium term outlook is expected to be provided in conjunction with the publication of the Group’s Q2 results on 20 July 2023. The Group has also withdrawn its long term operational and financial guidance. Viaplay Group (“the Group”) today announced a downgrade of its short-term outlook for 2023 following an accelerated deterioration in the operating environment and longer than expected realisation of its cost savings programme.
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