DN Media Group, the media division of NHST Holding, reported total revenue of NOK 249.1 million in the second quarter of 2026, representing a modest increase of 0.8% compared with the same period last year. 
 
Subscription revenue amounted to NOK 170.3 million in the quarter, up from NOK 168.7 million a year earlier. The growth was driven by digital-only subscription revenue, which now accounts for 67% of total subscription revenue, up from 65% in the corresponding quarter last year. 
 
At the same time, revenue from advertising and commercial services increased by 0.9% to NOK 75.5 million, despite a decline in both print and digital advertising revenue. Growth was driven by higher revenue from events and networking activities, as well as content marketing. 
 
Operating expenses increased by 4.6% to NOK 205.9 million, primarily due to higher personnel costs. The increase was in line with expectations and largely driven by underlying wage growth. 
 
DN Media Group reported EBITDA of NOK 43.1 million, down from NOK 50.3 million in the same quarter last year. As DN Media Group operates in several international markets, a stronger Norwegian krone reduced both revenue and earnings during the quarter. 
 
“At a time of profound change, the need for trusted, high-quality journalism is greater than ever. This is reflected both in subscriber engagement with DN Media titles and in the continued growth of reader revenue. At the same time, some parts of the market remain challenging, particularly advertising. DN Media Group holds strong and distinctive positions both in Norway and internationally, and we will continue to build on these strengths by investing in the further development of our products for both subscribers and advertisers,” said James Lamont, CEO of NHST Holding and DN Media Group. 
 
James Lamont assumed the role of CEO on 1 May 2026.