Telia Company Reports Strong Q2 2024 Results with Revenue Growth and Capital Gains
Telia Company (ST:TELIA) reports a promising Q2 2024 with a 1.5% revenue increase and significant net income growth, driven by its strong Swedish consumer segment and strategic divestment of Telia Denmark. The telecommunications giant maintains an optimistic full-year outlook, focusing on operational efficiency and infrastructure investments.
Telia Sees Surge in Paid Streaming Subscribers Despite Decline in TV and Media Revenues
Telia, the Nordic telecommunications company, saw a surge in paid streaming video subscribers while experiencing a decline in TV and media revenues. Despite a drop in media revenues, the adjusted EBITDA increased by 44.5%. The increase in earnings was attributed to reduced content costs. Overall, Telia witnessed a 2% decrease in revenues but a 3.4% rise in adjusted EBITDA. The sale of Telia Denmark was finalized, strengthening the company’s balance sheet.
Telia CEO highlights sustainability and digital credentials in final results before departure
Telia CEO Allison Kirkby used her final quarterly results at the company before leaving for UK operator BT to highlight its sustainability and digital credentials, backing the company’s incoming boss Patrik Hofbauer to build on solid foundations already in place….