Amedia reports 52 profit jump as Berlingske acquisition drives revenue to NOK 5 billion
Norwegian media group Amedia reported a 25 per cent rise in revenue and a 52 per cent jump in operating profit for 2025, driven largely by the acquisition of Danish publisher Berlingske Media, according to figures published on Tuesday. Revenue climbed from 4.0 billion to 5.0 billion Norwegian kroner (NOK) while operating profit rose from 390 million to 593 million NOK, the Oslo-based group said in its annual report. Chief executive Anders Opdahl attributed the gains to the Berlingske deal, which closed in late 2024 and expanded Amedia’s footprint across the Nordic region’s largest media markets.
The 2025 results mark the first full-year contribution from Berlingske, which Amedia acquired for an undisclosed sum after months of regulatory scrutiny in Denmark and Norway. Opdahl told investors that the integration had exceeded expectations, with cross-border advertising sales and digital subscriptions outperforming internal forecasts. The group’s print division, though still in structural decline, shrank less sharply than in previous years, while online revenue grew by 18 per cent year-on-year.
Analysts said the performance underscored the resilience of legacy Nordic publishers in an era of global platform dominance. “Amedia has shown that scale, even in a shrinking market, can still deliver margin improvements,” said media analyst Ingrid Solberg at Nordea Markets in Oslo. She noted that the group’s cost base had been streamlined through shared technology platforms and centralised ad sales, offsetting declines in print advertising.
The positive momentum comes as Amedia prepares to launch a new subscription bundle combining Berlingske’s titles with its existing Norwegian papers, aiming to capture higher-value readers across the region. Opdahl said the group would reinvest part of the profit into AI-driven content tools to personalise reader experiences, though he declined to specify the budget.
The 2025 figures contrast with broader trends in European media, where many publishers have struggled to monetise digital audiences at scale. Amedia’s Nordic peers, such as Sweden’s Bonnier News and Finland’s Sanoma, have also reported mixed results, with digital growth offsetting print losses. The group’s success, analysts suggest, hinges on its ability to maintain the Berlingske integration while navigating regulatory scrutiny over data privacy and platform competition.
Amedia’s shares, listed on the Oslo Børs, were up 3.2 per cent in early trading on Tuesday, reflecting investor confidence in the group’s growth strategy. The company plans to publish its first-quarter 2026 results in late July.
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