Modern Times Group has reported an 8% increase in revenues of SEK9.8 billion (€1 billion) for the first nine months of the year. The broadcast group’s pre-tax profit for the period was SEK1.3 billion. For the three months to end-September, revenues were up 4%, taking the total to SEK3.1 billion.
“The Scandinavian TV advertising markets remained strong and certain of the emerging market territories showed higher growth levels as our media houses took market shares,” said Hans-Holger Albrecht, president and CEO. “The Nordic pay TV subscriber base was largely stable quarter on quarter with the revenue growth reflecting rising premium satellite ARPU levels, whilst the emerging market pay TV channel and platform businesses reported another quarter of double digit year on year subscriber and sales growth.”