The TV Nova Group recorded growth in its financial results in 2024. Revenues from ordinary activities reached CZK 9.1 billion, representing a year-on-year increase of 16%. Net profit increased to CZK 1.19 billion, and operating profit exceeded CZK 2 billion. This is according to the company's annual report for 2024.
"2024 was a turning point for TV Nova. The way people watch TV is changing, and so are viewers' expectations. And it is precisely in these changes that we want to play a key role," said executives Daniel Grunt and Šárka Švecová in their introductory assessment. They added that Nova is developing an ecosystem in which linear broadcasting, streaming, online, and social networks complement each other functionally. It is not just one channel that is key, but a combined approach. According to the executives, the company has also successfully implemented its strategy and invested in content, technology, and branding.
TV Nova's key financial indicators (in CZK million)
Source: TV Nova Annual Report for 2024The largest share was generated by revenue from television advertising on terrestrial channels, which grew by 5% year-on-year. A significant increase of one-third was recorded in revenue from online advertising and Voyo subscriptions (now Oneplay). Other revenues from the sale of commercial communications on television also increased by one-fifth.
Structure of revenues from ordinary activities (in CZK millions)
Source: TV Nova Annual Report for 2024Source: mediaguru.cz