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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Sýn
Sýn (SYN) investor relations material
Sýn Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Nov, 2026
Executive summary
Q3 revenue rose 5.7% YoY, or 8.6% excluding Sendafélag; EBITDAaL increased 41.9% to 1,161 m.kr. and EBITDAaL less investments turned positive at 407 m.kr. from -181 m.kr.
9M revenue increased 4.0% to 16,549 m.kr.; EBITDAaL rose 41.9% to 2,998 m.kr. and EBITDAaL less investments reached 717 m.kr. versus 11 m.kr.
Financial highlights
Q3 net loss after tax narrowed to 70 m.kr. from 238 m.kr.; 9M net loss narrowed to 576 m.kr. from 757 m.kr.
9M operating costs declined 1.3% YoY; payroll costs fell 4.3%, while EBITDA increased 26.4% to 3,860 m.kr.
Q3 one-time costs were 101 m.kr.; after accounting for one-time items in both periods, EBITDAaL less investments improved 540 m.kr. YoY.
Outlook and guidance
FY2026 EBITDAaL less investments guidance tightened to 0.9–1.1 bn.kr. from 0.8–1.2 bn.kr.; investment guidance narrowed to 3.1–3.2 bn.kr. from 3.2–3.4 bn.kr.
TV news closure is expected to reduce FY2026 results by 106 m.kr.; associated savings are expected to be fully reflected in 2027.
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Latest events from Sýn
- EBITDAAL rose 41.8% in 1H 2026 as media outperformed and telecom faced headwinds.SYN
Q2 2026 - EBITDAAL surged 44.9% year-over-year as core revenue grew and debt was significantly reduced.SYNQ1 2026
- Revenue up 1.5%, EBITDAaL margin at 16%, and net loss halved after rebranding and asset sales.SYNQ4 2025
- Net loss of ISK 757 million on ISK 15,759 million revenue amid regulatory and market headwinds.SYNQ3 2025
- Net loss of ISK 518 million in H1 2025 amid brand consolidation and asset sales.SYNQ2 2025
- Q3 2024 saw lower profit, but core segments grew and key asset sales were completed.SYNQ3 2024
- Net loss posted as IoT and Endor declines offset ad and internet growth; risks persist.SYNQ2 2024
- Net loss widened on lower revenue, but cash flow from operations increased.SYNQ1 2025
- 2024 saw stable core growth, restructuring, and a positive outlook with new sports rights.SYNQ4 2024
Next Sýn earnings date
Q4 202619 Feb, 2027
Sýn
Next Sýn earnings date
Q4 202619 Feb, 2027
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Frequently asked questions
Sýn hf, operating under the brand name Vodafone Iceland among others, is an Icelandic company specializing in communication and media services. It offers a broad range of services, including a subscription-based television network, telecommunication solutions for individuals and businesses, and various advertising services. The company is headquartered in Reykjavik, Iceland, and its shares are listed on the Nasdaq Iceland.