Television group Nova increased its revenues to more than seven billion crowns in 2022. TV advertising brings in the strongest revenues, with Voya subscriptions growing the fastest.
Last year, Nova Television Group's revenues exceeded the seven billion CZK mark, reaching a total of 7.07 billion CZK. Profit after tax also increased to CZK 1.1 billion. This is based on data published in the 2022 annual report.
The directors of TV Nova propose to pay out CZK 305m in cash. CZK 305 million to the sole shareholder (CME) as a profit share. The remaining part of the profit of CZK 807 million will be paid by the shareholders. The amount of CZK 250 million will be transferred to the retained earnings account of previous years.
Television advertising remains the main source of revenue, with Nova collecting CZK 4.4 billion last year. It accounts for more than 60 percent of total revenues. The fastest growing revenues are from the sale of advertising on the Internet and from Voya subscriptions, which totalled CZK 614 million last year. They increased by more than 80 per cent year-on-year. The number of Voya subscribers increased to half a million last year (currently 570,000). Internet advertising and Voya subscriptions account for less than a tenth of total revenues.
According to TV Nova's management, the past year was a challenging one. However, it notes that last year it also achieved the highest TV market share in its commercial audience group 15-54 (36.2% in prime-time 15-54).
"One of our company's strategic goals is to be the most successful TV group in innovation and technology in the TV market," management said in its annual report. It adds that Voyo has had an extremely successful year.
The most-watched TV Nova show last year was the fourth series of Police Modrava, while the series Specialists and Badge of the Highlands were also successful in terms of viewership. Televizní noviny remains the most watched news programme.
"In addition to ensuring further growth and continued digital transformation, we will work to develop and implement our sustainability strategy," TV Nova's annual report says of its plans.
Source: mediaguru.cz
