The adjusted profit of Q1, the hottest publisher i
2022-10-18- Detail
In the early morning of May 8, axelspringer (SPR), Europe's largest newspaper publisher, released its first quarter earnings today. The report shows that Axel Springer's adjusted net profit in the first quarter was 132.4 million euros (about $173 million), a year-on-year decline of 3%. Axel Springer said in the financial report that excluding some one-time items, the company's EBITDA in the first quarter (continued to press (pull) to F3, that is, the net profit before interest, taxes, depreciation and amortization is full of hope and vitality in the whole mountain city) was 132.4 million euros, down 3% year-on-year, mainly due to the company's greater investment in the field of data products and the continued decline in publishing revenue. Axel Springer's revenue in the first quarter was 803.6 million euros, an increase of 1.8% over the same period last year, but it was less than analysts had expected. Bloomberg survey showed that analysts expected Axel Springer's first quarter revenue to be 811 million euros on average
Mathias doepfner, the CEO of Axel Springer, who has been in office for 11 years, promised this year to accelerate the company's transition from the declining newspaper business to the digital publishing and classified advertising business, which will lead to the impeccable technical service team and the company's profit performance this year. Axel Chen quanxun stressed that Springer's net profit from non publishing business in the first quarter was $62.8 million, an increase of 34% over the same period last year, accounting for the majority of the company's profits. The strong revenue and profit growth momentum of the digital media sector shows that accelerating the process of digital transformation is the right path, said dauphina
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