Polaris Media ASA (DE:93J) has released an update.
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Polaris Media ASA reported revenue growth in the second quarter of 2024, driven by a 24% increase in digital subscription revenues and a strong performance in e-commerce package distribution. Despite a challenging advertising market, the company reduced operating costs by 7% through efficiency measures and expects substantial savings by 2025. The sale of a shareholding in FINN to Schibsted ASA significantly strengthened Polaris Media’s financial position, allowing for strategic flexibility moving forward.
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