08-11-2007

TVN net revenues up 38 percent in 3Q

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Poland's TVN Group, part of the ITI media holding, reports third-quarter net revenues increased by 38% over the same period in 2006 to 297 million zloty (€81.9 million). The company also reported its all-day audience share increased to 21.2% from 20.4% last year.

EBITDA (earnings before interest, taxes, depreciation and amortization) increased by 68% to 56 million zloties over the corresponding period of 2006, the company said in a statement released Thursday. The EBITDA margin was 19% as compared to 16% in the corresponding period of 2006.

TVN adjusted net profit increased to 21 million zloty compared to a loss of 9 million zloty in 2006.

Prime time nationwide audience share increased to 23.9% from 23.5% year-on-year. TVN 24 channel increased its all day key target group audience share to 7.7% from 5% in last year's third quarter.

Portal Onet.pl, part of TVN Group, increased its number of real users to 9.5 million, Its number of page views increased to 2.7 billion and time spent on the portal increased to 57 million hours.