Polaris Media
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Polaris Media (POL) investor relations material

Polaris Media Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary5 Nov, 2026

Executive summary

  • Q3 adjusted EBITDA rose 22% to NOK 126m, with the highest adjusted EBITDA margin since Q3 2021; digital growth and Swedish cost savings drove the improvement.

  • Revenue was broadly flat at NOK 876.0m; net income was NOK 47.6m versus a NOK 7.0m loss in Q3 2025.

  • YTD adjusted EBITDA increased 32% to NOK 276m, with a 10.3% margin, the highest since 2021.

Financial highlights

  • Q3 operating costs were NOK 751.8m versus NOK 803.1m; adjusted operating costs fell 3% to NOK 752m, excluding one-off effects.

  • Reported EBITDA was NOK 119.9m versus NOK 75.9m; adjusted EBITDA was NOK 126m versus NOK 103m. Q3 EBIT was NOK 58m versus NOK 9m.

  • Profit before tax was NOK 60.4m versus a NOK 2.7m loss; basic and diluted EPS was NOK 0.89 versus a loss of NOK 0.26.

  • Adjusted digital revenue rose 10% to NOK 413m in Q3 and 13% to NOK 1,240m YTD.

Outlook and guidance

  • Norwegian user revenue is expected to keep growing, supported by full-price digital subscribers and higher ARPU; Swedish user revenue is also expected to grow as digital momentum continues and print declines moderate.

  • 2027 advertising forecasts indicate marginal growth in Norway and a slight decline in Swedish total newspaper advertising; advertising conditions remain challenging.

  • Cost discipline will continue, with printing and distribution capacity aligned to lower print volumes; investments prioritize profitable digital growth.

  • Cash and fixed-income fund holdings support investment in technology, expertise, cross-border teams and AI-enabled editorial workflows.

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Frequently asked questions

Polaris Media ASA operates as a media and printing company across Norway and Sweden. It manages several media houses and provides services including digital advertising, printing, and newspaper distribution. Polaris Media produces local newspapers, magazines, and editorial supplements while also distributing parcels and mail. The company's operations span both Norway and Sweden, with business segments like Polaris Media Midt-Norge, Polaris Media Nord-Norge, and Stampen Media in Sweden. In addition to publishing, it offers multimedia and telemarketing services. The company is headquartered in Trondheim, Norway, and its shares are listed on the Oslo Stock Exchange.