Alma Media's Q3 2024 Performance: Marketplaces and News Media Segments Drive Growth Amidst Economic Challenges
Alma Media Oyj has released its Q3 2024 interim report, highlighting a growth in adjusted operating profit driven by its Marketplaces and News Media segments.
Sammanfattning
Alma Media reported a 6.7% increase in adjusted operating profit for Q3 2024, supported by its Marketplaces and News Media segments. Despite a challenging economic environment, the company maintained a strong digital business presence, with digital revenues constituting 86.2% of total revenue.
Alma Media's Q3 2024 Performance: Marketplaces and News Media Segments Drive Growth Amidst Economic Challenges
Alma Media Oyj's interim report for Q3 2024 showcases a resilient performance amidst a challenging economic landscape. The company reported a 6.7% increase in adjusted operating profit, reaching MEUR 21.9, which constitutes 29.1% of its revenue. This growth was primarily driven by the Marketplaces and News Media segments.
Key Financial Performance Indicators
| KPI | Q3 2024 | Q2 2024 | Q1 2024 | 2023 |
|---|---|---|---|---|
| Revenue (MEUR) | 75.2 | 80.1 | 76.2 | 304.9 |
| Adjusted Operating Profit (MEUR) | 21.9 | 19.4 | 16.1 | 73.6 |
| Net Income (MEUR) | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Earnings per Share (EUR) | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Debt Ratio | Not disclosed | Not disclosed | 59.8% | Not disclosed |
| Interest Coverage Ratio | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
Analysis of KPI Changes
| KPI | Q3 2024 vs Q2 2024 | Q3 2024 vs Q1 2024 | Q3 2024 vs 2023 |
|---|---|---|---|
| Revenue | -6.1% | -1.3% | -3.2% |
| Adjusted Operating Profit | +12.9% | +36.0% | -3.3% |
Conclusion
Alma Media's financial performance in Q3 2024 indicates a robust strategy in navigating economic challenges. The Marketplaces segment, bolstered by the acquisition of Netwheels, showed significant growth, contributing to the overall increase in adjusted operating profit. The News Media segment also demonstrated resilience through effective cost management. Investors should note the company's strong digital presence, as digital business accounted for 86.2% of total revenue. However, challenges in the advertising market and economic uncertainties in key regions remain potential risks.
Overall, Alma Media's strategic investments in digital transformation and market diversification appear to be yielding positive results, positioning the company well for future growth.
Källa
Sammanfattning
Alma Media Corporation released its interim report for January to September 2024, highlighting a 6.7% increase in adjusted operating profit for Q3, driven by the Marketplaces and News Media segments. The company's revenue for the third quarter rose by 2.4% to EUR 75.2 million, aided by acquisitions, despite a negative impact from the weakened Czech koruna. Domestic advertising sales declined by 2.7%. The digital business accounted for a record 86.2% of total revenue. Investments continued in the Career and Marketplaces segments, although revenue in the Career segment fell by 4.1% to EUR 26.3 million. The Marketplaces segment saw a 16.6% revenue increase to EUR 24.5 million, partly due to the acquisition of Netwheels. The News Media segment experienced a 2.2% revenue decline, but improved profitability through cost management. Alma Media is focusing on AI-driven projects to enhance operations and develop new business concepts. The company expects its full-year revenue and adjusted operating profit for 2024 to remain at 2023 levels. The economic outlook remains challenging, with zero growth projected for Finland, although some positive signs, such as decreasing inflation and interest rates, may bolster consumer confidence.