NHST Group reports second-quarter results

One of the leading business news providers has reported the group’s development for the second quarter of 2022.

The highlights for NHST Media Group in Q2 are:

- EBITDA was 22,4 million NOK
- Marketing Solution revenues have grown 5,4 % on last year
- Strong development of digital subscription revenues with a growth worth 16,7 % compared to the same period last year

- Growth in overall consumer business revenues year on year

- New milestone for digital performance; for the first time, more than 50 % of subscription revenues are digital.

Commenting on the results, Trond Sundnes, Group CEO of NHST says:
“NHST has demonstrated growth in both digital subscription revenues and in overall consumer business revenues. For the first time more than half of the revenue from subscriptions are digital, showing that the market still demands great journalism, products, and services online. This growth is a result of dedication and hard work across the organisation with a clear focus on profitability and growth as our main strategic focus.”

More details are to be found in the full quarterly report.