Promoting income constitutes the overwhelming majority of income TVN. groupyear-on-year, elevated from PLN 1.46 to PLN 1.29 billion, together with revenue – from PLN 200.27 to 171.98 million (in all textual content graphics quantities have been in hundreds of PLN).
Final yr, on account of financial stagnation after the outbreak of the epidemic, The worth of the Polish promoting market fell by 8.6 %. At PLN 9.97 billion, the TV promoting trade itself fell 10.1%. It quantities to PLN 3.94 billion.
Much less promoting, extra Web customers and operators
Alternatively, subscription revenues elevated from PLN 254.55 to PLN 286.02 million. That is primarily income from digital platforms and cable operators in addition to video-on-demand subscriptions. In August of final yr, the then chairman of TVN mentioned that the broadcaster’s participant platform had 375,000 gamers. Customers who pay, and in February of this yr. A completely paid provide was made there.
The opposite revenue of the TVN group elevated from PLN 151.38 to PLN 118.84 million. This primarily considerations revenue from manufacturing and technical providers, leasing, the sale of programming rights, cinema distribution, audio tools and SMS.
Discovery Group TVN income (primarily the sale of programming rights in addition to technical and advertising and marketing providers) On an annual foundation, it went from 108.22 PLN to 76.19 million PLN, From Canal + Polska (primarily subscriptions, programming rights, technical and advertising and marketing providers) it went from PLN 39.77 to PLN 42.62 million, and from entities wherein Discovery has minority stakes – from 30, 02 PLN to 30.68 million PLN.
Prices are 6 % decrease
The working bills of the TVN group fell from PLN 1.44 billion to PLN 1.36 billion, a lower of 5.7%. Depreciation and depreciation prices for inside capitalized manufacturing, joint manufacturing and movie manufacturing prices decreased from PLN 593.19 to PLN 499.87 million, depreciation and depreciation prices for programming licenses bought – from PLN 140.25 to PLN 135.19 million.
Alternatively, the price of items and providers offered decreased from PLN 63.75 to PLN 33.41 million, and tv broadcasting bills from PLN 12.56 to six.71 million.
Alternatively Spending on salaries and advantages elevated from PLN 218.97 to PLN 221.67 million (together with the prices of the motivation program for key executives – from PLN 3.61 to PLN 5.57 million). The board of administrators of the corporate earned PLN 13.14 million final yr, in comparison with PLN 20.25 million the earlier yr.
On the finish of final yr, the Capital Group as an entire employed 1,639 full-time workers, a rise of 14 from the earlier yr. Within the fall of final yr, Chairman Piotr Korycki and Board members Tomasz Marszałł and Maciej Maciejowski bid farewell to the corporate.
On the finish of final yr, the radio laid off round 30 individuals at its headquarters and regional places of work, incl. With TVN Media, expertise division employees and broadcast truck engineers, and early this yr. With ten individuals from the editorial employees of TVN24, together with Igor Sokovsky, Maciej Doliga, Alexandra Janic and Anna Kowalska.
Advertising and analysis prices incurred by the TVN Group have elevated from PLN 84.51 million to PLN 99.84 million, and copyright – from PLN 33.6 million to PLN 66.25 million.. Alternatively, the rental bills decreased from PLN 12.56 million to PLN 6.71 million.
In reference to the acquisition of programming property in 2021 and 2022, the TVN group has 122.99 million PLN to pay, whereas when it comes to broadcasting channels on digital terrestrial TV, it pays 13.29 million PLN per yr.
32% of Canal + shares value PLN 716 million
TVN, by its promoting company TVN Media, owns 32 %. Canal + Polska shares. Final yr they acquired a dividend of PLN 97.17 million, in comparison with PLN 23.46 million the earlier yr.
Final yr, the worth of those shares decreased in TVN’s steadiness sheet from PLN 758.48 to PLN 716.49 million, which is the impact of the adjustment associated to the introduction of IFRS 15 when it comes to buyer income.
In November final yr, Canal + Polska introduced its intention to go on the Warsaw Inventory Alternate, and TVN Media and its subsidiary Liberty International (which owns 17% of the shares) needed to promote their shares for a most of 1, PLN 3 billion. corn The prospectus was withdrawn “because of the latest volatility within the monetary markets”.
Much less revenue PLN 302 million for reserve capital
The profitability of the TVN group has fallen sharply. Working revenue elevated from PLN 671.47 to PLN 548.7 million, gross revenue – from PLN 650.76 to PLN 542.89 million and web revenue – from PLN 540.57 to PLN 486.98 million .
The corporate paid PLN 55.91 million in revenue tax final yr, in comparison with PLN 110.19 million the yr earlier than.
On an impartial foundation, final yr TVN recorded a lower in turnover from PLN 1.73 billion to PLN 1.59 billion and a rise in web revenue from PLN 286.47 to PLN 302.97 million. 100% instantly owned by the broadcaster’s shares belong to the Dutch tv holding firm, which was in August of final yr. It additionally absorbed the Dutch firm N-Imaginative and prescient, which beforehand held 53.3%. Sharing the sender.
Final week on the common meeting of the Polish Tv Holding, it was determined TVN’s impartial web revenue will likely be totally transferred to the broadcaster’s reserve capital.
TVN Media’s revenues fell 23%.
TVN Media’s promoting bureau reported a turnover of PLN 215.71 million final yr, after a 22.8% drop. in comparison with PLN 279.51 million in 2019.
Earnings from brokerage actions decreased from PLN 265.98 to PLN 206 million, and different revenue from PLN 13.62 to 9.71 million. TVN Media sells the industrial for TVN Group Discovery, in addition to to varied third get together broadcasters, incl. Canal + Polska, Viacom, The Walt Disney Firm and FOX Worldwide. Service misplaced on the finish of final yr Telewizja Puls, which has established a collaboration with Polsat Media.
TVN Media’s working bills fell considerably beneath income – by 13.9%. as much as PLN 87.63 million. Spending on salaries and advantages elevated from PLN 53.72 to PLN 50.15 million, advertising and marketing and analysis – from PL 11.32 to PL 5.35 million, and bills outlined as different – from 17.59 to 14.63 million zlotys.
The profitability of TVN Media is strongly influenced by the outcomes of Canal + Polska. Working revenue elevated from PLN 201.45 to PLN 225.54 million, gross revenue from PLN 212.41 to PLN 230.64 million and web revenue from PLN 184.06 to 203.54 million.
TVN Media, as the only shareholder of TVN Media, has determined that All of final yr’s web revenue will likely be used to cowl the corporate’s previous losses.