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A Year After Dramatic Recap Move, Viaplay Posts Mixed Q1 Results
Viaplay has posted a dip in revenue, but an operating profit in its interim Q1 results, a year after its recapitalization plan was enacted.
That followed a desperate period in which a bleak financial picture forced the resignation of CEO Anders Jensen and his successor, Jørgen Madsen Lindemann, to oversee a brutal redundancy plan and the exit of non-core markets such as the UK and the Baltics. Among Madsen Lindemann’s other financial measures was a dramatic scaling back on original drama spend, a move that hit local producers hard, but steadied the ship at Viaplay. Since then, we have refined our content strategy, launched new products, strengthened monetisation, and sold our UK business and studio operations, and are on track to exit the remaining non-core market by summer 2025.
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