The Group delivered broadly stable revenues compared with the second quarter of 2025, while profitability declined year-on-year. Total revenues were NOK 295.6 million (2025 NOK 296.4 million) and Group operating expenses were NOK 251.2 million in the quarter (2025 NOK 243.7 million).
The Group had a negative EBITDA currency effect of NOK 1.3 million for the quarter, and a negative revenue effect of NOK 7.9 million compared to the second quarter last year. Group EBITDA was NOK 44.3 million (2025 NOK 52.7 million), a decrease of 15.9 per cent. The decline was mainly driven by operating expenses increasing by 3.0 per cent compared to the corresponding quarter last year.
For the second quarter Group EBIT was NOK 33.4 million (2025 NOK 44.7 million, adjusted for the NOK 23.4 million impairment reversal related to Mention Solutions in the second quarter of 2025). The unadjusted Group EBIT for 2025 was NOK 68.1 million.
DN Media Group reported moderate revenue growth in the second quarter of 2026, with total operating revenues at NOK 249.1 million (2025 NOK 247.2 million) in line with the same quarter last year.
The growth in digital subscription revenues was 2.4 per cent in the quarter, while the decline in print-based subscription revenues was 2.6 per cent.
Revenues from advertising and commercial services in the media segment were in line with last year at NOK 75.5 million (2025 NOK 74.8 million). Underlying advertising revenues (digital and print) declined by 13.5 per cent, offset by growth in conference revenues and sponsored content.
DN Media Group operating expenses increased by 4.6 per cent to NOK 205.9 million (2025 NOK 196.8 million), primarily driven by expected higher personnel costs due to annual wage increases.
Earnings in the SaaS segment fell in the quarter, with Mynewsdesk EBITDA at SEK 3.0 million against SEK 5.4 million in the second quarter of 2025. The decline in EBITDA was primarily driven by the fact that new subscription revenues are recognized over the life of the contracts and are therefore not yet fully reflected in reported revenues, while continued sales and marketing activities impact current-period profitability.
Group liquidity remained strong during the second quarter, with cash of NOK 104.7 million at quarter-end. At the end of the second quarter, the Group held a net cash position of NOK 59.7 million, compared with a net interest-bearing debt position of NOK 38.7 million at the corresponding time last year.
Investments in product and process development were NOK 7.7 million in the quarter (2025 NOK 8.7 million).
James Lamont took up the position as Group CEO on 1 May 2026, succeeding Baard Haugen, who stepped down from his executive role in the Group and was elected to the Board of Directors of NHST Holding AS.