TV NOVA INCREASED ITS REVENUES AND PROFIT LAST YEAR, WHICH REACHED CZK 1.15 BILLION. CZK

TV Nova continues its growth trend and managed to improve its revenue and profit in 2023.

TV Nova, the operator of the Nova Group' s TV stations and the Voyo video portal, increased its revenues and net profit last year. The company's annual report for 2023 shows that revenues amounted to CZK 7.8bn and increased by 11% year-on-year. Net profit again surpassed the billion mark, reaching CZK 1.15bn (+3.5% year-on-year).

"It was a very successful year in which our Group dominated TV screens on a total of 315 days in prime time in our commercial target group 15-54," TV Nova CEO Daniel Grunt summed up the development of 2023.

Basic results of TV Nova (thousands of CZK)

TV Nova generates the largest part of its revenues from the sale of advertising space in linear broadcasting - more than 60% of all revenues. In 2023, they accounted for CZK 4.8 billion. However, the fastest growing revenues are from the sale of advertising on the internet and from Voyo subscriptions. They grew by 43% year-on-year and approached the CZK 900 million mark . CZK.

Revenues from ordinary activities (thousands of CZK)

The company's top priority for 2024 remains broadcasting and maintaining its leading position in audience share in the 15-54 target group, and investing in digital development and the Voyo streaming service to consolidate its position as the strongest local streaming service, TV Nova said in describing its plans for this year.

Source: mediaguru.cz