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Digital subscription results of AS Ekspress Grupp in the third quarter of 2025
Globenewswire· 2025-10-10 05:00
Core Insights - The number of digital subscriptions for AS Ekspress Grupp increased by 10% year-over-year, reaching a total of 244,500 subscriptions by the end of September, indicating strong growth despite economic challenges [1][2][9] - The Baltic States experienced economic stagnation, which has impacted consumer confidence and subscription growth, particularly in the third quarter [3] - In Estonia, Delfi Meedia achieved stable annual growth of 8%, while Latvia and Lithuania saw significant growth in digital subscriptions at 24% and 22%, respectively, highlighting the potential for further expansion in these markets [4][5][8] Detailed Overview of Digital Subscriptions - AS Delfi Meedia's digital subscriptions totaled 121,118, reflecting an 8% year-over-year increase [8] - AS Õhtuleht Kirjastus, partially owned by Ekspress Grupp, saw a decrease of 5% in digital subscriptions, totaling 24,746 [8] - Geenius Meedia OÜ experienced a 10% decline in digital subscriptions, totaling 6,800 [8] - In Latvia, Delfi A/S reported a 24% increase in digital subscriptions, totaling 32,875 [8] - In Lithuania, Delfi's digital subscriptions increased by 22%, totaling 47,187, while Lrytas saw a 4% increase, totaling 11,774 [8] - The overall digital subscription count for Ekspress Grupp remained stable at 244,500, with a slight change of 0% from the previous quarter [7] Future Outlook - The company aims to increase the volume of digital subscriptions to 340,000 in the Baltic countries by the end of 2026, aligning with its long-term strategic goals established in early 2022 [9]