Viaplay Group AB/Skr VPLAY B
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Capital at risk
About Viaplay Group AB
Viaplay Group AB is a Swedish entertainment company operating primarily in the media and streaming industry. The company offers a subscription-based video-on-demand service, Viaplay, which provides a wide range of content including films, series, documentaries, and live sports. Founded in 2007, the company initially focused on the Nordic market but has gradually expanded its services to other regions in Europe. Headquartered in Stockholm, Sweden, Viaplay Group has strategically positioned itself with localized content and exclusive sports broadcasting rights, providing a competitive edge in the rapidly growing streaming market.
- Ticker
- Skr VPLAY B
- Sector
- Communication
- Primary listing
- XSTO
- Employees
- 1,284
- Headquarters
- Stockholm, Sweden
- Website
- www.viaplaygroup.com
Viaplay Group AB Metrics
BasicAdvanced
kr 5.3B
-
-kr 0.32
1.35
-
Price and volume
Market cap
kr 5.3B
Beta
1.35
52-week high
kr 1.80
52-week low
kr 0.87
Average daily volume
8.4M
Financial strength
Current ratio
1.234
Quick ratio
0.322
Long term debt to equity
2.693
Total debt to equity
3.295
Interest coverage (TTM)
0.65%
Profitability
EBITDA (TTM)
769
Gross margin (TTM)
14.95%
Net profit margin (TTM)
-7.29%
Operating margin (TTM)
2.05%
Effective tax rate (TTM)
-9.24%
Revenue per employee (TTM)
kr 15,410,000
Management effectiveness
Return on assets (TTM)
1.47%
Return on equity (TTM)
-52.87%
Valuation
Price to revenue (TTM)
0.269
Price to book
2.59
Price to tangible book (TTM)
-1.53
Price to free cash flow (TTM)
-2.281
Free cash flow yield (TTM)
-43.84%
Free cash flow per share (TTM)
-0.513
Growth
Revenue change (TTM)
10.32%
Earnings per share change (TTM)
166.44%
3-year revenue growth (CAGR)
3.65%
3-year earnings per share growth (CAGR)
-84.32%
Bulls say / Bears say
The turnaround is beginning to show in the numbers: Q2 core EBITDA rose to SEK 458m, group net income turned positive at SEK 70m, and group free cash flow was SEK 113m. H1 core EBITDA reached SEK 559m, versus a loss of SEK 43m a year earlier. (Viaplay Group)
Streaming is becoming more valuable even without total subscriber growth. Organic streaming sales rose 7%, helped by higher average revenue per user and more premium sports customers, while Viaplay has secured important UEFA club competition rights in several Nordic markets. (Viaplay Group, Inderes)
The disposal of the Dutch operations for EUR 142m could materially improve financial flexibility and sharpen management’s focus on the Nordic markets, where it sees the strongest scale and synergy potential. The Allente integration is also expected to deliver SEK 300m–400m of annual cash synergies from 2027. (Viaplay Group, Advanced Television)
Leverage remains a major constraint: financial net debt was SEK 5.12bn and net debt was 4.5 times pro forma EBITDA at the end of Q2. Deleveraging depends on completing the Dutch sale and delivering stronger cash flow, while the proceeds are not yet received. (Viaplay Group, Viaplay Group)
The core streaming improvement is not yet translating into broad-based growth. Total Viaplay subscribers were stable because direct-to-consumer gains were offset by falling business-to-business customers, while non-streaming sales declined as linear television weakened. (Advanced Television, Viaplay Group)
Content remains a costly competitive battleground: it represents about 75% of total costs and inflation in legacy multi-year agreements is still pushing costs higher. Disney has also taken a portion of Viaplay’s NHL rights in Sweden and Finland, increasing the risk of losing viewers or having to spend more to retain them. (Viaplay Group, MarketScreener UK)
Data summarised monthly by Lightyear AI. Last updated on 29 Sept 2026.
Viaplay Group AB Financial Performance
Revenues and expenses
Viaplay Group AB Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing Viaplay Group AB
AllUSDGBP
Fund name | Fund size | Skr VPLAY B weighting |
|---|---|---|
iShares Digitalisation$DGTL | $793M | 0.01% |
iShares Digitalisation£DGIT | £585M | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.