Vend Marketplaces ASA

Quarterly Report • Apr 26, 2024

Financials and analytical info Q1 2024

• 1. Profit loss statement
• 1. Balance sheet
• 1. Cash flow
• 1. Segment overview
• 1. Nordic Marketplaces
• 1. News Media
• 1. Delivery
• 1. Growth & Investments

For details on Adevinta, please refer to Adevinta's reporting on adevinta.com/ir

For questions, please contact Schibsted IR:

Jann-Boje Meinecke, Head of IR ir@schibsted.com +47 941 00 835

Malin Ebenfelt, IR Officer ir@schibsted.com +47 916 86 710

schibsted.com/ir

NOK million

									SCHIBSTED GROUP
1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	CONDENSED CONSOLIDATED	Year to date	Year to date	Full year	Full year
2022	2022	2022	2022	2023	2023	2023	2023	2024	INCOME STATEMENT	2024	2023	2023	2022
				re-presented re-presented re-presented re-presented re-presented re-presented re-presented re-presented								re-presented re-presented re-presented
954	1,027	1,002	983	1,074	1,192	1,159	1,109		1,191 Classified revenues	1,191	1,074	4,534	3,965
766	885	733	929	700	806	679	910		654 Advertising revenues	654	700	3,094	3,313
615	730	580	765	574	670	575	777		546 -of which digital	546	574	2,596	2,689
773	820	841	854	863	887	893	917		904 Subscription revenues	904	863	3,559	3,287
399	450	472	484	499	523	535	563		558 -of which digital	558	499	2,120	1,806
239	248	249	229	203	212	221	203		187 Casual sales	187	203	839	966
916	900	931	993	936	948	902	944		858 Other revenues	858	936	3,730	3,741
3,648	3,880	3,756	3,988	3,776	4,044	3,853	4,082		3,794 Operating revenues	3,794	3,776	15,756	15,272
(148)	(138)	(125)	(139)	(125)	(114)	(95)	(92)		(89) Raw materials and finished goods	(89)	(125)	(426)	(549)
(1,453)	(1,534)	(1,389)	(1,554)	(1,572)	(1,612)	(1,443)	(1,656)		(1,676) Personnel expenses	(1,676)	(1,572)	(6,282)	(5,929)
(1,566)	(1,589)	(1,587)	(1,645)	(1,656)	(1,648)	(1,574)	(1,650)		(1,575) Other operating expenses	(1,575)	(1,656)	(6,528)	(6,387)
480	620	655	651	423	670	741	684		454 Gross operating profit (loss) - EBITDA	454	423	2,519	2,406
(263)	(278)	(283)	(292)	(314)	(297)	(296)	(332)		(321) Depreciation and amortisation	(321)	(314)	(1,239)	(1,117)
(2)	(6)	(0)	(23)	(9)	(1)	(22)	(21)		(0) Impairment loss	(0)	(9)	(53)	(31)
-	10	2	1	36	24	12	56		(9) Other income	(9)	36	128	13
(32)	(57)	(32)	(52)	(116)	(33)	(15)	(71)		(119) Other expenses	(119)	(116)	(236)	(173)
184	289	342	285	20	362	420	317		5 Operating profit (loss)	5	20	1,119	1,099
(37)	(52)	(20)	(64)	(39)	7	(11)	(27)		(55) Share of profit (loss) of joint ventures and associates	(55)	(39)	(70)	(173)
(0)	(24)	(37)	(28)	(10)	(6)	(34)	(38)		(43) Impairment loss on joint ventures and associates (recognised or reversed)	(43)	(10)	(88)	(89)
1	1	16	(30)	-	(4)	1	1		(2) Gains (losses) on disposal of joint ventures and associates	(2)	-	(2)	(12)
83	13	4	17	321	45	1,298	216		17 Financial income	17	321	1,705	117
(75)	(100)	(101)	(553)	(148)	(399)	(230)	(394)		(138) Financial expense	(138)	(148)	(997)	(830)
155	126	204	(372)	144	6	1,444	74		(216) Profit (loss) before taxes	(216)	144	1,667	113
(45)	(62)	(75)	(72)	(9)	(80)	(97)	(70)		(23) Taxes	(23)	(9)	(257)	(254)
111	64	128	(444)	135	(75)	1,346	4		(239) Profit (loss) from continuing operations	(239)	135	1,410	(141)
(13,546)	(6,476)	(3,266)	908	2,035	(1,874)	13,110	2,194		(981) Profit (loss) from discontinued operations	(981)	2,035	15,465	(22,380)
(13,436)	(6,412)	(3,137)	464	2,170	(1,949)	14,456	2,198		(1,220) Profit (loss)	(1,220)	2,170	16,876	(22,521)
									Profit (loss) attributable to:
18	19	15	9	10	21	19	18		17 Non-controlling interests	17	10	68	60
(13,454)	(6,430)	(3,152)	454	2,160	(1,969)	14,437	2,180		(1,237) Owners of the parent	(1,237)	2,160	16,808	(22,582)
									Earnings per share (NOK)
(57.49)	(27.48)	(13.46)	1.94	9.34	(8.59)	63.74	9.68		(5.49) Basic	(5.49)	9.34	73.70	(96.53)
(57.49)	(27.48)	(13.46)	1.94	9.33	(8.59)	63.64	9.66		(5.49) Diluted (1)	(5.49)	9.33	73.53	(96.53)
0.44	0.75	0.04	(0.45)	(23.07)	(4.38)	1.17	0.47		(4.36) Basic - adjusted	(4.36)	(23.07)	(26.19)	0.77
0.44	0.75	0.04	(0.45)	(23.05)	(4.38)	1.17	0.47		(4.36) Diluted - adjusted (1)	(4.36)	(23.05)	(26.13)	0.77

(1) Diluted EPS disclosed in Q1 to Q3 2022 have been restated in accordance with accounting standards.

NOK million

CONDENSED CONSOLIDATED	31.03	30.06	30.09	31.12	31.03	30.06	30.09	31.12	31.03
STATEMENT OF FINANCIAL POSITION	2022	2022	2022	2022	2023	2023	2023	2023	2024
	restated	restated	restated	restated	restated	restated	restated
Intangible assets	9,373	10,016	10,225	10,389	11,079	11,279	10,968	11,091	11,493
Property, plant and equipment	532	525	526	535	537	564	547	580	570
Right-of-use assets	1,369	1,957	1,868	1,796	2,002	2,039	1,955	1,944	2,010
Investments in joint ventures and associates	33,880	29,883	27,380	23,523	26,503	25,177	37,427	39,721	932
Deferred tax assets	604	579	583	584	568	540	508	540	509
Other non-current assets	963	921	908	937	897	824	819	871	819
Non-current assets	46,723	43,880	41,489	37,763	41,585	40,424	52,223	54,747	16,333
Contract assets	247	254	191	167	129	156	165	145	157
Trade receivables and other current assets	1,940	1,993	2,222	2,040	2,173	2,180	3,156	2,243	2,375
Cash and cash equivalents	1,337	293	287	3,738	2,683	1,487	1,100	1,279	263
Assets held for sale	-	-	-	-	-	-	16	-	39,239
Current assets	3,524	2,541	2,700	5,945	4,985	3,823	4,438	3,667	42,033
Total assets	50,246	46,421	44,189	43,708	46,570	44,247	56,661	58,414	58,367
Paid-in equity	7,061	7,068	7,080	7,095	7,092	7,113	7,135	7,160	7,144
Other equity	27,910	23,819	21,417	21,410	24,421	22,251	35,103	37,301	37,685
Equity attributable to owners of the parent	34,972	30,887	28,497	28,505	31,513	29,364	42,238	44,461	44,829
Non-controlling interests	185	137	152	161	178	112	130	142	145
Equity	35,156	31,024	28,650	28,666	31,691	29,476	42,368	44,603	44,975
Deferred tax liabilities	550	580	564	502	530	535	499	417	422
Pension liabilities	1,044	1,045	1,182	1,145	1,085	1,037	1,047	1,196	1,155
Non-current interest-bearing loans and borrowings	4,587	5,657	5,670	4,630	4,142	4,906	4,906	4,872	4,876
Non-current lease liabilities	1,244	1,874	1,809	1,755	1,941	1,977	1,894	1,868	1,881
Other non-current liabilities	511	567	544	588	610	436	427	282	381
Non-current liabilities	7,936	9,723	9,769	8,620	8,309	8,891	8,772	8,636	8,714
Current interest-bearing loans and borrowings	3,271	1,674	1,676	1,724	2,005	1,233	1,229	780	284
Income tax payable	141	105	169	232	151	121	108	246	164
Current lease liabilities	327	306	301	325	343	334	351	368	384
Contract liabilities	618	628	611	574	689	651	620	632	675
Other current liabilities	2,797	2,961	3,014	3,567	3,381	3,539	3,191	3,149	3,171
Liabilities held for sale	-	-	-	-	-	-	21	-	-
Current liabilities	7,154	5,674	5,770	6,423	6,569	5,879	5,521	5,175	4,678
Total equity and liabilities	50,246	46,421	44,189	43,708	46,570	44,247	56,661	58,414	58,367

Restatement of the periods Q1 2022 to Q3 2023 is due to a prior period error. The error is related to a financial liability not having been recognised for the obligation to acquire non-controlling interests in a subsidiary.

NOK million

CONDENSED CONSOLIDATED	31.03	30.06	30.09	31.12	31.03	30.06	30.09	31.12	31.03
STATEMENT OF CASH FLOWS	2022	2022	2022	2022	2023	2023	2023	2023	2024
		re-presented re-presented re-presented re-presented re-presented					re-presented re-presented re-presented
Profit (loss) before taxes from continuing operations	155	281	485	113	144	150	1,594	1,667	(216)
Profit (loss) before taxes from discontinued operations	(13,546)	(20,022)	(23,288)	(22,357)	2,035	161	13,270	15,523	(979)
Depreciation, amortisation and impairment losses (recognised or reversed)	13,796	20,643	24,079	23,971	(6,959)	(5,877)	(18,579)	(20,401)	454
Net interest expense	55	120	191	267	68	156	253	358	95
Net effect pension liabilities	(47)	(45)	(33)	(22)	(59)	(108)	(98)	(88)	(50)
Share of loss (profit) of joint ventures and associates	53	41	212	482	5,295	6,385	6,340	6,328	944
Dividends received from joint ventures and associates		- 55	55	56		- 25	25	25	-
Interest received		2 5		8 24	31	61	87	105	14
Interest paid	(46)	(130)	(184)	(266)	(85)	(194)	(298)	(425)	(99)
Taxes paid	(81)	(190)	(206)	(260)	(104)	(216)	(273)	(327)	(121)
Non-operating gains and losses	(64)	(37)	(30)	(233)	(263)		3 (1,184)	(1,144)	89
Change in working capital and provisions	(141)	(187)	(319)	(90)	113	112	50	87	(23)
Net cash flow from operating activities	137	535	970	1,684	215	658	1,186	1,708	108
- of which from continuing operations	137	535	970	1,684	215	658	1,186	1,708	108
- of which from discontinued operations		-	-	-	-	-	-	- -	-
Net cash flow from investing activities	(744)	(1,103)	(1,377)	2,616	(216)	(726)	(1,002)	(700)	(499)
- of which from continuing operations	(744)	(1,103)	(1,377)	(1,924)	(216)	(695)	(971)	(669)	(471)
- of which from discontinued operations		-	-	- 4,539		- (31)	(31)	(31)	(28)
Net cash flow from financing activities	847	(249)	(417)	(1,672)	(1,062)	(2,192)	(2,824)	(3,474)	(627)
- of which from continuing operations	847	(249)	(417)	(1,672)	(1,062)	(2,192)	(2,824)	(3,474)	(627)
- of which from discontinued operations		-	-	-	-	-	-	- -	-
Effect of exchange rate changes on cash and cash equivalents	(11)	3	4	2	8	9	6	8	1
Net increase (decrease) in cash and cash equivalents	229	(815)	(821)	2,630	(1,055)	(2,251)	(2,634)	(2,458)	(1,017)
Cash and cash equivalents at start of period	1,108	1,108	1,108	1,108	3,738	3,738	3,738	3,738	1,279
Cash and cash equivalents at end of period	1,337	293	287	3,738	2,683	1,487	1,104	1,279	263
- of which cash and cash equivalents in assets held for sale		-	-	-	-	-	- 4	-	-
- of which cash and cash equivalents excluding assets held for sale	1,337	293	287	3,738	2,683	1,487	1,100	1,279	263

NOK million
1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	2 quarter	3 quarter	4 quarter	1 quarter			Year to date Year to date	Full year	Full year
2022	2022	2022	2022	2023	2023	2023	2023	2024	SCHIBSTED GROUP	2024	2023	2023	2022
									Operating revenues
1,171	1,274	1,209	1,203	1,278	1,440	1,361	1,327		1,377 Nordic Marketplaces	1,377	1,278	5,407	4,856
1,798	1,956	1,835	2,019	1,791	1,927	1,815	2,064		1,789 News Media	1,789	1,791	7,597	7,608
477	413	425	506	471	428	410	443		430 Delivery	430	471	1,753	1,822
450	487	537	562	513	523	531	537		458 Growth & Investments	458	513	2,104	2,035
239	249	246	248	279	296	281	296		309 Other/Headquarters	309	279	1,152	982
(487)	(500)	(495)	(550)	(555)	(571)	(545)	(585)		(569) Eliminations	(569)	(555)	(2,256)	(2,032)
3,648	3,880	3,756	3,988	3,776	4,044	3,853	4,082		3,794 Schibsted Group	3,794	3,776	15,756	15,272
									EBITDA
443	549	486	430	420	526	504	418		411 Nordic Marketplaces	411	420	1,868	1,908
81	169	101	180	(0)	133	168	266		61 News Media	61	(0)	567	531
(13)	(28)	(13)	4	(3)	(4)	1	20		1 Delivery	1	(3)	14	(50)
29	37	107	109	54	67	93	76		40 Growth & Investments	40	54	290	281
(59)	(107)	(25)	(72)	(48)	(51)	(24)	(96)		(60) Other/Headquarters	(60)	(48)	(219)	(263)
480	620	655	651	423	670	741	684		454 Schibsted Group	454	423	2,519	2,406

NOK million 1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	2 quarter	3 quarter	4 quarter	1 quarter			Year to date Year to date Full year		Full year
2022	2022	2022	2022	2023	2023	2023	2023	2024	Nordic Marketplaces	2024	2023	2023	2022
955	1,026	1,002	983	1,073	1,191	1,158	1,108		Nordic Marketplaces total 1,190 Classifieds revenues	1,190	1,073	4,530	3,967
131	149	123	136	118	141	120	131		100 Advertising revenues	100	118	510	538
84 1,171	99 1,274	84 1,209	84 1,203	87 1,278	109 1,440	83 1,361	88 1,327		87 Other revenues 1,377 Operating revenues	87 1,377	87 1,278	367 5,407	352 4,856
33 %	22 %	8 %	6 %	9 %	13 %	13 %	10 %		8 % YOY revenue growth	8 %	9 %	11 %	16 %
(727) 443	(725) 549	(723) 486	(772) 430	(858) 420	(915) 526	(858) 504	(909) 418		(966) Operating expenses 411 EBITDA	(966) 411	420	(858) (3,539) (2,948) 1,868	1,908
38 %	43 %	40 %	36 %	33 %	37 %	37 %	32 %		30 % EBITDA-margin	30 %	33 %	35 %	39 %
									Mobility
319 58	366 69	391 57	369 61	383 54	459 70	466 59	444 61		454 Classifieds revenues 49 Advertising revenues	454 49	383 54	1,753 244	1,446 245
49	58	52	44	49	70	47	45		48 Other revenues	48	49	210	203
427	493	500	475	485 14 %	599 21 %	572 14 %	550 16 %		551 Operating revenues 13 % YOY revenue growth	551 13 %	485 14 %	2,207 16 %	1,894
(217) 209	(222) 272	(225) 275	(240) 235	(266) 220	(284) 315	(268) 304	(280) 270		(283) Operating expenses 268 EBITDA	(283) 268	220	(266) (1,098) 1,109	(904) 991
49 %	55 %	55 %	50 %	45 %	53 %	53 %	49 %		49 % EBITDA-margin	49 %	45 %	50 %	52 %
									Jobs
392 2	363 2	309 1	320 2	369 2	324 2	283 1	291 2		345 Classifieds revenues 2 Advertising revenues	345 2	369 2	1,267 7	1,383 7
3	3	2	3	3	3	4	3		2 Other revenues	2	3	14	10
397	367	312	324	375 -6 %	329 -10 %	288 -8 %	296 -9 %		349 Operating revenues -7 % YOY revenue growth	349 -7 %	375 -6 %	1,288 -8 %	1,400
(166)	(145)	(151)	(156)	(177)	(166)	(161)	(171)		(191) Operating expenses	(191)	(177)	(674)	(618)
231 58 %	222 60 %	161 52 %	168 52 %	198 53 %	163 50 %	127 44 %	125 42 %		158 EBITDA 45 % EBITDA-margin	158 45 %	198 53 %	613 48 %	782 56 %
147	193	192	178	190	261	249	210		Real Estate 228 Classifieds revenues	228	190	910	711
18 11	20 13	17 12	18 10	14 12	17 17	16 15	15 11		12 Advertising revenues 10 Other revenues	12 10	14 12	63 54	74 46
177	226	221	206	216	295	280	236		250 Operating revenues	250	216	1,027	830
(129)	(128)	(129)	(132)	22 % (152)	31 % (167)	26 % (160)	14 % (156)		16 % YOY revenue growth (186) Operating expenses	16 % (186)	22 % (152)	24 % (635)	(518)
48	97	93	74	64	128	120	80		64 EBITDA	64	64	392	312
27 %	43 %	42 %	36 %	30 %	43 %	43 %	34 %		26 % EBITDA-margin	26 %	30 %	38 %	38 %
									Recommerce
75 50	73 54	74 44	94 53	102 43	115 49	125 42	142 50		141 Classifieds revenues 36 Advertising revenues	141 36	102 43	485 184	316 201
7	6	7	11	10	9	13	16		14 Other revenues	14	10	48	31
131	134	125	158	155 18 %	173 29 %	180 44 %	208 32 %		190 Operating revenues 22 % YOY revenue growth	190 22 %	155 18 %	717 31 %	547
(195) (63)	(196) (62)	(198) (74)	(224) (67)	(241) (86)	(261) (88)	(247) (67)	(278) (69)		(272) Operating expenses (82) EBITDA	(272) (82)	(86)	(241) (1,027) (311)	(813) (266)
-48 %	-46 %	-59 %	-42 %	-55 %	-51 %	-38 %	-33 %		-43 % EBITDA-margin	-43 %	-55 %	-43 %	-49 %
									Other Nordic Marketplaces (1)
39	54	51	40	46	45	42	37		37 Operating revenues/eliminations	37	46	169	184
(20)	(34)	(20)	(21)	(22)	(37)	(22)	(24)		(34) Operating expenses	(34)	(22)	(105)	(95)
19	20	31	19	24	8	20	12		4 EBITDA	4	24	64	89
									Nordic Marketplaces Operating revenues per country
722	804	758	732	785	903	855	781		825 Norway	825	785	3,324	3,016
248 115	275 113	259 117	264 132	257 133	292 143	273 142	291 157		305 Sweden 157 Denmark	305 157	257 133	1,114 574	1,046 477
96	95	89	99	107	106	98	104		98 Finland	98	107	415	379
(10)	(14)	(14)	(24)	(4)	(4)	(7)	(6)		(8) Other Nordic Marketplaces (1)	(8)	(4)	(20)	(62)
									Mobility Operating revenues per country
188	224	229	201	207	273	268	223		208 Norway	208	207	972	842
156	185	182	181	174	207	188	203		215 Sweden	215	174	770	704
76 7	77 8	79 8	84 9	90 15	98 20	95 21	105 21		110 Denmark 19 Finland	110 19	90 15	388 77	316 32
316	298	249	253	304	270	238	243		Jobs Operating revenues per country 298 Norway	298	304	1,054	1,115
39	38	35	37	34	32	26	27		22 Sweden	22	34	119	149
0	0	0	0	-	-	-	-	-	Denmark	-	-	-	0
42	31	29	35	37	28	25	26		29 Finland	29	37	115	137
									Real Estate Operating revenues per country
142	188	181	163	171	245	227	184		195 Norway	195	171	827	674
10	11	13	15	17	18	22	21		27 Sweden	27	17	79	49
1 24	1 26	0 27	1 27	1 28	1 31	1 30	1 30		1 Denmark 28 Finland	1 28	1 28	3 118	2 104
									Recommerce Operating revenues per country
37 42	44 38	48 26	69 28	66 32	78 36	82 38	102 41		94 Norway 41 Sweden	94 41	66 32	329 147	197 134
38	35	36	45	42	42	45	50		44 Denmark	44	42	178	153
14	17	15	16	15	17	15	16		11 Finland	11	15	63	63
									Other operating revenues per country
38	51	52	46	36	37	40	29		29 Norway	29	36	142	188
1	3	2	4	(0)	0	(0)	0		0 Sweden	0	(0)	(1)	11
1 9	1 13	2 10	2 12	1 12	2 10	1 8	1 12		2 Denmark 12 Finland	2 12	1 12	5 42	5 43
(10)	(14)	(14)	(24)	(4)	(4)	(7)	(6)		(8) Other Nordic Marketplaces (1)	(8)	(4)	(20)	(62)

(1) Other Nordic Marketplaces includes Other businesses outside of the main verticals and eliminations

NOK million
1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	2 quarter	3 quarter	4 quarter	1 quarter			Year to date Year to date	Full year	Full year
2022	2022	2022	2022	2023	2023	2023	2023	2024	News Media	2024	2023	2023	2022
									News Media total
645	749	628	789	604	690	583	796		586 Advertising revenues	586	604	2,673	2,811
493	570	497	625	478	555	479	662		478 -of which digital	478	478	2,174	2,186
724	750	772	783	788	806	811	832		820 Subscription revenues	820	788	3,238	3,029
350	380	403	413	425	443	453	476		474 -of which digital	474	425	1,797	1,548
238	248	249	229	203	212	221	203		187 Casual sales	187	203	839	966
190	208	185	218	195	219	200	233		196 Other revenues	196	195	847	802
1,798	1,956	1,835	2,019	1,791	1,927	1,815	2,064		1,789 Operating revenues	1,789	1,791	7,597	7,608
2 %	5 %	0 %	-2 %	0 %	-1 %	-1 %	2 %		0 % YOY revenue growth	0 %	0 %	0 %	1 %
(660)	(694)	(611)	(680)	(688)	(695)	(615)	(712)		(711) Personnel expenses	(711)	(688)	(2,709)	(2,645)
(1,057)	(1,093)	(1,123)	(1,159)	(1,103)	(1,099)	(1,032)	(1,086)		(1,016) Other expenses	(1,016)	(1,103)	(4,321)	(4,431)
(1,717)	(1,787)	(1,734)	(1,839)	(1,791)	(1,794)	(1,647)	(1,798)		(1,728) Operating expenses	(1,728)	(1,791)	(7,030)	(7,077)
81	169	101	180	(0)	133	168	266		61 EBITDA	61	(0)	567	531
5 %	9 %	5 %	9 %	0 %	7 %	9 %	13 %		3 % EBITDA-margin	3 %	0 %	7 %	7 %

NOK million
1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	2 quarter	3 quarter	4 quarter	1 quarter			Year to date Year to date	Full year	Full year
2022	2022	2022	2022	2023	2023	2023	2023	2024	Delivery	2024	2023	2023	2022
									Delivery total
477	413	425	506	471	428	410	443		430 Operating revenues	430	471	1,753	1,822
133	129	138	194	166	161	162	187		187 - of which Helthjem Netthandel	187	166	676	594
-9 %	-13 %	0 %	3 %	-1 %	4 %	-4 %	-12 %		-9 % YOY revenue growth	-9 %	-1 %	-4 %	-5 %
(490)	(441)	(438)	(503)	(474)	(432)	(409)	(423)		(429) Operating expenses	(429)	(474)	(1,739)	(1,873)
(13)	(28)	(13)	4	(3)	(4)	1	20		1 EBITDA		1 (3)	14	(50)
-3 %	-7 %	-3 %	1 %	-1 %	-1 %	0 %	5 %		0 % EBITDA-margin	0 %	-1 %	1 %	-3 %

NOK million
1 quarter 2022	2 quarter 2022	3 quarter 2022	4 quarter 2022	1 quarter 2023	2 quarter 2023	3 quarter 2023	4 quarter 2023	1 quarter 2024	Growth & Investments	Year to date Year to date 2024	2023	Full year 2023	Full year 2022
									Growth & Investments total
450	487	537	562	513	523	531	537		458 Operating revenues	458	513	2,104	2,035
-8 %	2 %	1 %	7 %	14 %	7 %	-1 %	-4 %		-11 % YOY revenue growth	-11 %	14 %	3 %	0 %
(421)	(450)	(430)	(453)	(458)	(456)	(438)	(461)		(418) Operating expenses	(418)	(458)	(1,814)	(1,755)
29	37	107	109	54	67	93	76		40 EBITDA	40	54	290	281
6 %	8 %	20 %	19 %	11 %	13 %	17 %	14 %		9 % EBITDA-margin	9 %	11 %	14 %	14 %
									Lendo
297	312	358	323	329	329	339	274		274 Operating revenues	274	329	1,271	1,290
11 %	20 %	11 %	13 %	11 %	5 %	-5 %	-15 %		-17 % YOY revenue growth	-17 %	11 %	-1 %	13 %
(257)	(274)	(280)	(282)	(276)	(268)	(264)	(251)		(229) Operating expenses	(229)	(276)	(1,059)	(1,094)
40	38	78	41	52	61	75	24		45 EBITDA	45	52	212	197
13 %	12 %	22 %	13 %	16 %	19 %	22 %	9 %		17 % EBITDA-margin	17 %	16 %	17 %	15 %
									Prisjakt
76	78	87	141	92	97	94	146		85 Operating revenues	85	92	430	382
-15 %	-11 %	6 %	14 %	21 %	26 %	8 %	3 %		-8 % YOY revenue growth	-8 %	21 %	12 %	0 %
(64)	(68)	(59)	(82)	(74)	(82)	(71)	(89)		(67) Operating expenses	(67)	(74)	(315)	(272)
12	10	29	59	18	16	23	57		18 EBITDA	18	18	114	110
16 %	12 %	33 %	42 %	19 %	16 %	25 %	39 %		21 % EBITDA-margin	21 %	19 %	27 %	29 %
									Other Growth & Investments (1)
77	97	91	98	92	96	98	117		99 Operating revenues/eliminations	99	92	403	363
-42 %	-24 %	-28 %	-15 %	19 %	0 %	7 %	20 %		8 % YOY revenue growth	8 %	19 %	11 %	-28 %
(101)	(108)	(91)	(89)	(108)	(107)	(103)	(122)		(123) Operating expenses	(123)	(108)	(440)	(389)
(23)	(11)	0	8	(16)	(10)	(5)	(5)		(24) EBITDA	(24)	(16)	(37)	(26)
-30 %	-11 %	0 %	9 %	-17 %	-11 %	-6 %	-4 %		-24 % EBITDA-margin	-24 %	-17 %	-9 %	-7 %

(1) Other Growth & Investments includes MittAnbud, 3byggetilbud, Servicefinder, Schibsted Growth HQ, other Growth & Investments assets, SPT cost allocation and eliminations