Vend Marketplaces ASA

Quarterly Report • Oct 25, 2023

Financials and analytical info Q3 2023

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

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	2 quarter		3 quarter CONDENSED CONSOLIDATED	Year to date Year to date		Full year	Full year
2021	2021	2021	2021	2022	2022	2022	2022	2023	2023	2023	INCOME STATEMENT	2023	2022	2022	2021
restated	restated	restated	restated												restated
702	832	892	884	954	1,027	1,002	983	1,074	1,192		1,159 Classified revenues	3,425	2,983	3,965	3,309
705	843	765	995	766	885	733	929	700	806		679 Advertising revenues	2,185	2,384	3,313	3,309
551	670	613	801	615	730	580	765	574	670		575 -of which digital	1,820	1,925	2,689	2,634
763	753	789	788	773	820	841	854	863	887		893 Subscription revenues	2,642	2,434	3,287	3,093
374	374	404	403	399	450	472	484	499	523		535 -of which digital	1,557	1,321	1,806	1,556
273	282	288	264	239	248	249	229	203	212		221 Casual sales	636	736	966	1,107
958	908	933	1,006	916	900	931	993	936	948		902 Other revenues	2,786	2,747	3,741	3,804
3,401	3,619	3,667	3,936	3,648	3,880	3,756	3,988	3,776	4,044		3,853 Operating revenues	11,674	11,284	15,272	14,623
												(334)
(146)	(129)	(115)	(141)	(148)	(138)	(125)	(139)	(125)	(114)	(95)	Raw materials and finished goods		(411)	(549)	(531)
(1,299)	(1,366)	(1,293)	(1,527)	(1,453)	(1,534)	(1,389)	(1,554)	(1,572)	(1,612)	(1,443)	Personnel expenses	(4,626)	(4,375)	(5,929)	(5,486)
(1,361)	(1,380)	(1,490)	(1,634)	(1,566)	(1,589)	(1,587)	(1,645)	(1,656)	(1,648)	(1,574)	Other operating expenses	(4,878)	(4,742)	(6,387)	(5,865)
594	743	769	634	480	620	655	651	423	670		741 Gross operating profit (loss) - EBITDA	1,835	1,755	2,406	2,740
(220)	(233)	(268)	(262)	(263)	(278)	(283)	(292)	(314)	(297)	(296)	Depreciation and amortisation	(907)	(825)	(1,117)	(984)
(6)	(91)	(7)	(14)	(2)	(6)	(0)	(23)	(9)	(1)	(22)	Impairment loss	(32)	(8)	(31)	(119)
6	59	115	1	-	10	2	1	36	24		12 Other income	72	12	13	181
(31)	(45)	(26)	(70)	(32)	(57)	(32)	(52)	(116)	(33)	(15)	Other expenses	(165)	(120)	(173)	(172)
343	432	583	289	184	289	342	285	20	362		420 Operating profit (loss)	802	815	1,099	1,647
(0)	(22)	(24)	(146)	(53)	11	(170)	(270)	(5,295)	(1,090)		45 Share of profit (loss) of joint ventures and associates	(6,340)	(212)	(482)	(193)
-	-	(2)	(19,998)	(13,531)	(6,564)	(3,153)	424	7,281	(784)		13,020 Impairment loss on joint ventures and associates (recognised or reversed)	19,518	(23,247)	(22,823)	(20,000)
3	5	8	131	1	1	16	657	-	(4)		1 Gains (losses) on disposal of joint ventures and associates	(3)	18	675	148
3	4	3	18	83	13	4	17	321	45		1,298 Financial income	1,490	99	117	28
(56)	(58)	(58)	(78)	(75)	(100)	(101)	(553)	(148)	(399)	(230)	Financial expense	(603)	(276)	(830)	(248)
294	362	509	(19,782)	(13,391)	(6,350)	(3,062)	559	2,179	(1,868)		14,553 Profit (loss) before taxes	14,864	(22,803)	(22,244)	(18,618)
(71)	(57)	(96)	(57)	(45)	(62)	(75)	(72)	(9)	(80)	(97)	Taxes	(186)	(182)	(254)	(280)
222	305	414	(19,839)	(13,436)	(6,412)	(3,137)	487	2,170	(1,949)		14,456 Profit (loss) from continuing operations	14,678	(22,985)	(22,497)	(18,898)
(501)	60,471	(3)	(2)	(0)	(0)	-	(24)	(0)	0	(0)	Profit (loss) from discontinued operations	(0)	(0)	(24)	59,965
(279)	60,776	410	(19,841)	(13,436)	(6,412)	(3,137)	464	2,170	(1,949)		14,456 Profit (loss)	14,678	(22,985)	(22,521)	41,066
											Profit (loss) attributable to:
(175)	(135)	18	18	18	19	15	9	10	21		19 Non-controlling interests	50	51	60	(274)
(104)	60,911	392	(19,859)	(13,454)	(6,430)	(3,152)	454	2,160	(1,969)		14,437 Owners of the parent	14,628	(23,036)	(22,582)	41,341
											Earnings per share (NOK)
(0.44)	260.36	1.68	(84.86)	(57.49)	(27.48)	(13.46)	1.94	9.34	(8.59)	63.74 Basic		63.87	(98.42)	(96.53)	176.70
(0.44)	259.92	1.67	(84.86)	(57.49)	(27.48)	(13.46)	1.94	9.33	(8.59)	63.64 Diluted (1)		63.77	(98.42)	(96.53)	176.70
1.41	3.50	1.28	0.35	0.44	0.75	0.04	(0.45)	(23.07)	(4.38)		1.17 Basic - adjusted	(26.54)	1.22	0.77	6.54
1.41	3.50	1.28	0.35	0.44	0.75	0.04	(0.45)	(23.05)	(4.38)		1.17 Diluted - adjusted (1)	(26.49)	1.22	0.77	6.54

(1) Diluted EPS disclosed in Q4 2021 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	30.06	30.09
STATEMENT OF FINANCIAL POSITION	2021	2021	2021	2021	2022	2022	2022	2022	2023	2023	2023
Intangible assets	5,824	9,420	9,363	9,313	9,373	10,016	10,225	10,389	11,079	11,279	10,968
Property, plant and equipment	462	499	496	520	532	525	526	535	537	564	547
Right-of-use assets	1,549	1,516	1,441	1,355	1,369	1,957	1,868	1,796	2,002	2,039	1,955
Investments in joint ventures and associates	918	69,883	69,898	48,520	33,880	29,883	27,380	23,523	26,503	25,177	37,427
Deferred tax assets	709	716	737	621	604	579	583	584	568	540	508
Other non-current assets	97	132	285	736	963	921	908	937	897	824	819
Non-current assets	9,560	82,166	82,221	61,065	46,723	43,880	41,489	37,763	41,585	40,424	52,223
Contract assets	170	267	255	210	247	254	191	167	129	156	165
Trade receivables and other current assets	1,835	1,617	1,758	1,806	1,940	1,993	2,222	2,040	2,173	2,180	3,156
Cash and cash equivalents	1,104	727	709	1,108	1,337	293	287	3,738	2,683	1,487	1,100
Assets held for sale	33,292	-	-	-	-	-	-	-	-	-	16
Current assets	36,401	2,610	2,722	3,125	3,524	2,541	2,700	5,945	4,985	3,823	4,438
Total assets	45,961	84,776	84,943	64,189	50,246	46,421	44,189	43,708	46,570	44,247	56,661
Paid-in equity	7,034	7,026	7,049	7,060	7,061	7,068	7,080	7,095	7,092	7,113	7,135
Other equity	2,770	64,120	64,340	43,271	28,010	23,930	21,526	21,518	24,506	22,335	35,194
Equity attributable to owners of the parent	9,804	71,145	71,389	50,332	35,071	30,997	28,606	28,613	31,598	29,449	42,330
Non-controlling interests	5,465	112	130	201	220	161	178	188	206	141	152
Equity	15,269	71,257	71,519	50,533	35,291	31,158	28,785	28,801	31,804	29,589	42,481
Deferred tax liabilities	331	641	590	576	550	580	564	502	530	535	499
Pension liabilities	1,094	1,065	1,252	1,090	1,044	1,045	1,182	1,145	1,085	1,037	1,047
Non-current interest-bearing loans and borrowings	3,078	6,344	3,034	3,592	4,587	5,657	5,670	4,630	4,142	4,906	4,906
Non-current lease liabilities	1,424	1,388	1,316	1,237	1,244	1,874	1,809	1,755	1,941	1,977	1,894
Other non-current liabilities	269	389	379	340	511	567	544	588	610	436	427
Non-current liabilities	6,195	9,827	6,571	6,835	7,936	9,723	9,769	8,620	8,309	8,891	8,772
Current interest-bearing loans and borrowings	675	79	3,375	3,274	3,271	1,674	1,676	1,724	2,005	1,233	1,229
Income tax payable	95	122	190	154	141	105	169	232	151	121	108
Current lease liabilities	293	298	307	306	327	306	301	325	343	334	351
Contract liabilities	635	632	588	553	618	628	611	574	689	651	620
Other current liabilities	2,322	2,562	2,392	2,534	2,662	2,826	2,879	3,432	3,268	3,426	3,078
Liabilities held for sale	20,476	-	-	-	-	-	-	-	-	-	21
Current liabilities	24,497	3,692	6,853	6,821	7,019	5,539	5,635	6,288	6,456	5,766	5,408
Total equity and liabilities	45,961	84,776	84,943	64,189	50,246	46,421	44,189	43,708	46,570	44,247	56,661

NOK million

CONDENSED CONSOLIDATED	31.03	30.06	30.09	31.12	31.03	30.06	30.09	31.12	31.03	30.06	30.09
STATEMENT OF CASH FLOWS	2021	2021	2021	2021	2022	2022	2022	2022	2023	2023	2023
	restated	restated	restated	restated
Profit (loss) before taxes from continuing operations	294	655	1,165	(18,618)	(13,391)	(19,741)	(22,803)	(22,244)	2,179	311	14,864
Profit (loss) before taxes from discontinued operations	(335)	(130)	(134)	(134)	-	-	-	-	-	-	-
Depreciation, amortisation and impairment losses (recognised or reversed)	226	552	829	21,103	13,796	20,643	24,079	23,971	(6,959)	(5,877)	(18,579)
Net interest expense *	126	243	293	347	55	120	191	267	68	156	253
Net effect pension liabilities	(55)	(79)	(71)	(85)	(47)	(45)	(33)	(22)	(59)	(108)	(98)
Share of loss (profit) of joint ventures and associates	-	23	47	193	53	41	212	482	5,295	6,385	6,340
Dividends received from joint ventures and associates	12	13	16	16	-	55	55	56	-	25	25
Interest received *	3	5	7	9	2	5	8	24	31	61	87
Interest paid *	(45)	(319)	(357)	(414)	(46)	(130)	(184)	(266)	(85)	(194)	(298)
Taxes paid	(199)	(397)	(415)	(424)	(81)	(190)	(206)	(260)	(104)	(216)	(273)
Sales losses (gains) on non-current assets and other non-cash losses (gains)	553	522	404	309	(64)	(37)	(30)	(233)	(263)	3	(1,184)
Change in working capital and provisions *	136	230	49	195	(141)	(187)	(319)	(90)	113	112	50
Net cash flow from operating activities	715	1,318	1,833	2,498	137	535	970	1,684	215	658	1,186
- of which from continuing operations	299	977	1,493	2,157	137	535	970	1,684	215	658	1,186
- of which from discontinued operations	416	341	341	341	-	-	-	-	-	-	-
Net cash flow from investing activities	(404)	(4,914)	(5,278)	(5,923)	(744)	(1,103)	(1,377)	2,616	(216)	(726)	(1,002)
- of which from continuing operations	(424)	(3,534)	(3,782)	(4,425)	(744)	(1,103)	(1,377)	2,616	(216)	(695)	(971)
- of which from discontinued operations	20	(1,380)	(1,496)	(1,499)	-	-	-	-	-	(31)	(31)
Net cash flow from financing activities	(341)	1,694	1,525	1,909	847	(249)	(417)	(1,672)	(1,062)	(2,192)	(2,824)
- of which from continuing operations	(69)	2,086	1,917	2,301	847	(249)	(417)	(1,672)	(1,062)	(2,192)	(2,824)
- of which from discontinued operations	(271)	(392)	(392)	(392)	-	-	-	-	-	-	-
Effect of exchange rate changes on cash and cash equivalents	(80)	(48)	(49)	(54)	(11)	3	4	2	8	9	6
Net increase (decrease) in cash and cash equivalents	(109)	(1,951)	(1,969)	(1,570)	229	(815)	(821)	2,630	(1,055)	(2,251)	(2,634)
Cash and cash equivalents at start of period	2,678	2,678	2,678	2,678	1,108	1,108	1,108	1,108	3,738	3,738	3,738
Cash and cash equivalents at end of period	2,569	727	709	1,108	1,337	293	287	3,738	2,683	1,487	1,104
- of which cash and cash equivalents in assets held for sale	1,464	-	-	-	-	-	-	-	-	-	4
- of which cash and cash equivalents excluding assets held for sale	1,104	727	709	1,108	1,337	293	287	3,738	2,683	1,487	1,100

* Interests are presented on separate lines from 2022. Comparable figures have been restated for 2021.

NOK million
1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	2 quarter	3 quarter			Year to date Year to date	Full year	Full year
2021	2021	2021	2021	2022	2022	2022	2022	2023	2023	2023	SCHIBSTED GROUP	2023	2022	2022	2021
restated	restated	restated	restated												restated
											Operating revenues
877	1,047	1,121	1,131	1,171	1,274	1,209	1,203	1,278	1,440		1,361 Nordic Marketplaces	4,080	3,654	4,856	4,176
1,761	1,868	1,842	2,055	1,798	1,956	1,835	2,019	1,791	1,927		1,815 News Media	5,533	5,588	7,608	7,525
523	475	424	491	477	413	425	506	471	428		410 Delivery	1,309	1,316	1,822	1,913
490	476	533	526	450	487	537	562	513	523		531 Growth & Investments	1,567	1,473	2,035	2,026
223	216	217	248	239	249	246	248	279	296		281 Other/Headquarters	856	734	982	904
(473)	(463)	(469)	(515)	(487)	(500)	(495)	(550)	(555)	(571)		(545) Eliminations	(1,671)	(1,482)	(2,032)	(1,921)
3,401	3,619	3,667	3,936	3,648	3,880	3,756	3,988	3,776	4,044		3,853 Schibsted Group	11,674	11,284	15,272	14,623
											EBITDA
360	489	499	434	443	549	486	430	420	526		504 Nordic Marketplaces	1,450	1,478	1,908	1,782
193	263	246	229	81	169	101	180	(0)	133		168 News Media	301	351	531	931
28	10	(10)	(2)	(13)	(28)	(13)	4	(3)	(4)		1 Delivery	(6)	(54)	(50)	26
56	42	97	53	29	37	107	109	54	67		93 Growth & Investments	214	172	281	249
(43)	(60)	(63)	(80)	(59)	(107)	(25)	(72)	(48)	(51)		(24) Other/Headquarters	(123)	(191)	(263)	(247)
594	743	769	634	480	620	655	651	423	670		741 Schibsted Group	1,835	1,755	2,406	2,740

NOK million 1 quarter 2022	2 quarter 2022	3 quarter 2022	4 quarter 2022	1 quarter 2023	2 quarter 2023	3 quarter 2023	Nordic Marketplaces	2023	Year to date Year to date Full year 2022	2022
955	1,026	1,002	983	1,073	1,191		Nordic Marketplaces total 1,158 Classifieds revenues	3,422	2,984	3,967
131	149	123	136	118	141		120 Advertising revenues	378	403	538
	99 84	84	84	87	109		83 Other revenues	279	268	352
1,171	1,274	1,209	1,203	1,278	1,440		1,361 Operating revenues	4,080	3,654	4,856
33 % (727)	22 % (725)	8 % (723)	6 % (772)	9 % (858)	13 % (915)		13 % YOY revenue growth (858) Operating expenses	12 % (2,630)	20 % (2,176)	16 % (2,948)
443	549	486	430	420	526		504 EBITDA	1,450	1,478	1,908
38 %	43 %	40 %	36 %	33 %	37 %		37 % EBITDA-margin	36 %	40 %	39 %
							Mobility
319	366 69 58	391 57	369 61	383 54	459 70		466 Classifieds revenues 59 Advertising revenues	1,308 182	1,076 184	1,446 245
	58 49	52	44	49	70		47 Other revenues	166	159	203
427	493	500	475	485	599		572 Operating revenues	1,656	1,420	1,894
(217)	(222)	(225)	(240)	14 % (266)	21 % (284)		14 % YOY revenue growth (268) Operating expenses	17 % (817)	(664)	(904)
209	272	275	235	220	315		304 EBITDA	839	756	990
49 %	55 %	55 %	50 %	45 %	53 %		53 % EBITDA-margin	51 %	53 %	52 %
							Jobs
392	363	309	320	369	324		283 Classifieds revenues	977	1,063	1,383
	2 2 3 3	1 2	2 3	2 3	2 3		1 Advertising revenues 4 Other revenues	5 10	5 8	7 10
397	367	312	324	375	329		288 Operating revenues	992	1,076	1,400
				-6 %	-10 %		-8 % YOY revenue growth	-8 %
(166)	(145)	(151)	(156)	(177)	(166)		(161) Operating expenses	(504)	(462)	(618)
231 58 %	222 60 %	161 52 %	168 52 %	198 53 %	163 50 %		127 EBITDA 44 % EBITDA-margin	488 49 %	614 57 %	782 56 %
147	193	192	178	190	261		Real Estate 249 Classifieds revenues	700	532	711
	20 18	17	18	14	17		16 Advertising revenues	47	56	74
	13 11	12	10	12	17		15 Other revenues	43	36	46
177	226	221	206	216	295 31 %		280 Operating revenues 26 % YOY revenue growth	791 27 %	624	830
(129)	(128)	(129)	(132)	22 % (152)	(167)		(160) Operating expenses	(479)	(386)	(518)
48	97	93	74	64	128		120 EBITDA	312	238	312
27 %	43 %	42 %	36 %	30 %	43 %		43 % EBITDA-margin	39 %	38 %	38 %
							Recommerce
	73 75	74	94	102	115		125 Classifieds revenues	342	222	316
	54 50	44	53	43	49		42 Advertising revenues	133	148	201
131	6 7 134	7 125	11 158	10 155	9 173		13 Other revenues 180 Operating revenues	33 508	20 390	31 547
				18 %	29 %		44 % YOY revenue growth	30 %
(195)	(196)	(198)	(224)	(241)	(261)		(247) Operating expenses	(750)	(589)	(813)
(63) -48 %	(62) -46 %	(74) -59 %	(67) -42 %	(86) -55 %	(88) -51 %		(67) EBITDA -38 % EBITDA-margin	(242) -48 %	(199) -51 %	(266) -49 %
							Other Nordic Marketplaces (1)
	54 39	51	40	46	45		42 Operating revenues/eliminations	132	145	184
(20)	(34)	(20)	(21)	(22)	(37)		(22) Operating expenses	(81)	(74)	(95)
	20 19	31	19	24	8	20 EBITDA		52	70	89
							Nordic Marketplaces Operating revenues per country
722	804	758	732	785	903	855 Norway		2,543	2,284	3,016
248	275	259	264	257	292	273 Sweden		822	782	1,046
115	113	117	132	133	143	142 Denmark		418	345	477
	95 96	89	99	107	106	98 Finland		311	280	379
(10)	(14)	(14)	(24)	(4)	(4)		(7) Other Nordic Marketplaces (1)	(14)	(38)	(62)
							Mobility Operating revenues per country
188	224	229	201	207	273	268 Norway		749	641	842
156	185	182	181	174	207	188 Sweden		568	523	704
	77 76	79	84	90	98	95 Denmark		283	232	316
	8 7	8	9	15	20	21 Finland		56	23	32
							Jobs Operating revenues per country
316	298	249	253	304	270	238 Norway		811 92	862	1,115
	38 39	35	37	34	32	26 Sweden		-	112	149
	0 0 31 42	0 29	0 35	- 37	- 28	- 25 Finland	Denmark	89	0 102	0 137
							Real Estate Operating revenues per country
142	188	181	163	171	245	227 Norway		643	511	674
	11 10	13	15	17	18	22 Sweden		57	34	49
	1 1	0	1	1	1	1 Denmark		2	2	2
	26 24	27	27	28	31	30 Finland		88	77	104
							Recommerce Operating revenues per country
	44 37	48	69	66	78	82 Norway		227	129	197
	38 42	26	28	32	36	38 Sweden		106	106	134
	35 38	36	45	42	42	45 Denmark		128	108	153
	17 14	15	16	15	17	15 Finland		47	46	63
							Other operating revenues per country
	51 38	52	46	36	37	40 Norway		113	141	188
	3 1	2	4	(0)	0	(0) Sweden		(1)	7	11
	1 1 13 9	2 10	2 12	1 12	2 10	1 Denmark 8 Finland		4 30	4 31	5 43

(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	2 quarter	3 quarter			Year to date Year to date	Full year	Full year
2021	2021	2021	2021	2022	2022	2022	2022	2023	2023	2023	News Media	2023	2022	2022	2021
restated	restated	restated	restated												restated
											News Media total
607	711	638	842	645	749	628	789	604	690		583 Advertising revenues	1,877	2,022	2,811	2,797
450	536	486	640	493	570	497	625	478	555		479 -of which digital	1,511	1,561	2,186	2,113
699	690	728	734	724	750	772	783	788	806		811 Subscription revenues	2,405	2,247	3,029	2,851
310	311	342	350	350	380	403	413	425	443		453 -of which digital	1,320	1,134	1,548	1,313
273	282	288	264	238	248	249	229	203	212		221 Casual sales	636	736	966	1,107
182	185	188	215	190	208	185	218	195	219		200 Other revenues	614	583	802	770
1,761	1,868	1,842	2,055	1,798	1,956	1,835	2,019	1,791	1,927		1,815 Operating revenues	5,533	5,588	7,608	7,525
5 %	10 %	7 %	4 %	2 %	5 %	0 %	-2 %	0 %	-1 %		-1 % YOY revenue growth	-1 %	2 %	1 %	6 %
(597)	(638)	(571)	(696)	(660)	(694)	(611)	(680)	(688)	(695)		(615) Personnel expenses	(1,997)	(1,965)	(2,645)	(2,502)
(970)	(967)	(1,025)	(1,130)	(1,057)	(1,093)	(1,123)	(1,159)	(1,103)	(1,099)		(1,032) Other expenses	(3,235)	(3,273)	(4,431)	(4,093)
(1,568)	(1,605)	(1,596)	(1,826)	(1,717)	(1,787)	(1,734)	(1,839)	(1,791)	(1,794)		(1,647) Operating expenses	(5,232)	(5,238)	(7,077)	(6,594)
193	263	246	229	81	169	101	180	(0)	133		168 EBITDA	301	351	531	931
11 %	14 %	13 %	11 %	5 %	9 %	5 %	9 %	0 %	7 %		9 % EBITDA-margin	5 %	6 %	7 %	12 %

1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter Year to date Year to date Full year Full year 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 Delivery 2023 2022 2022 2021 restated restated restated Delivery total 523 475 424 491 477 413 425 506 471 428 410 Operating revenues 1,309 1,316 1,822 1,913 157 151 130 159 133 129 138 194 166 161 162 - of which Helthjem Netthandel 489 399 594 596 48 % 24 % 13 % 0 % -9 % -13 % 0 % 3 % -1 % 4 % -4 % YOY revenue growth -1 % -7 % -5 % (495) (465) (434) (492) (490) (441) (438) (503) (474) (432) (409) Operating expenses (1,316) (1,370) (1,873) (1,886) 28 10 (10) (2) (13) (28) (13) 4 (3) (4) 1 EBITDA (6) (54) (50) 26 5 % 2 % -2 % 0 % -3 % -7 % -3 % 1 % -1 % -1 % 0 % EBITDA-margin 0 % -4 % -3 % 1 %	NOK million
									19 %

NOK million
1 quarter 2021	2 quarter 2021	3 quarter 2021	4 quarter 2021	1 quarter 2022	2 quarter 2022	3 quarter 2022	4 quarter 2022	1 quarter 2023	2 quarter 2023	3 quarter 2023	Growth & Investments	2023	Year to date Year to date 2022	Full year 2022	Full year 2021
restated	restated														restated
											Growth & Investments total
490	476	533	526	450	487	537	562	513	523		531 Operating revenues	1,567	1,473	2,035	2,026
4 %	3 %	7 %	-2 %	-8 %	2 %	1 %	7 %	14 %	7 %		-1 % YOY revenue growth	6 %	-2 %	0 %	3 %
(434)	(435)	(436)	(473)	(421)	(450)	(430)	(453)	(458)	(456)		(438) Operating expenses	(1,353)	(1,301)	(1,755)	(1,778)
56	42	97	53	29	37	107	109	54	67		93 EBITDA	214	172	281	249
12 %	9 %	18 %	10 %	6 %	8 %	20 %	19 %	11 %	13 %		17 % EBITDA-margin	14 %	12 %	14 %	12 %
											Lendo
269	261	324	287	297	312	358	323	329	329		339 Operating revenues	997	967	1,290	1,141
				11 %	20 %	11 %	13 %	11 %	5 %		-5 % YOY revenue growth	3 %	13 %	13 %
(218)	(225)	(248)	(239)	(257)	(274)	(280)	(282)	(276)	(268)		(264) Operating expenses	(808)	(811)	(1,094)	(931)
50	36	75	48	40	38	78	41	52	61		75 EBITDA	188	156	197	210
19 %	14 %	23 %	17 %	13 %	12 %	22 %	13 %	16 %	19 %		22 % EBITDA-margin	19 %	16 %	15 %	18 %
											Prisjakt
89	87	83	124	76	78	87	141	92	97		94 Operating revenues	284	241	382	383
20 %	-7 %	-4 %	-14 %	-15 %	-11 %	6 %	14 %	21 %	26 %		8 % YOY revenue growth	18 %	-7 %	0 %	-4 %
(64)	(65)	(57)	(88)	(64)	(68)	(59)	(82)	(74)	(82)		(71) Operating expenses	(227)	(190)	(272)	(274)
25	22	26	36	12	10	29	59	18	16		23 EBITDA	57	51	110	109
28 %	25 %	32 %	29 %	16 %	12 %	33 %	42 %	19 %	16 %		25 % EBITDA-margin	20 %	21 %	29 %	29 %
											Other Growth & Investments (1)
132	128	127	115	77	97	91	98	92	96		98 Operating revenues/eliminations	286	265	363	503
				-42 %	-24 %	-28 %	-15 %	19 %	0 %		7 % YOY revenue growth	8 %	-31 %	-28 %
(152)	(144)	(131)	(146)	(101)	(108)	(91)	(89)	(108)	(107)		(103) Operating expenses	(318)	(299)	(389)	(573)
(19)	(16)	(4)	(31)	(23)	(11)	0	8	(16)	(10)		(5) EBITDA	(32)	(34)	(26)	(71)
-14 %	-13 %	-3 %	-27 %	-30 %	-11 %	0 %	9 %	-17 %	-11 %		-6 % EBITDA-margin	-11 %	-13 %	-7 %	-14 %

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

NOK million 1 quarter 2021	2 quarter 2021	3 quarter 2021	4 quarter 2021	1 quarter 2022	2 quarter 2022	3 quarter 2022	4 quarter 2022	1 quarter 2023	2 quarter 2023	3 quarter 2023	Nordic Marketplaces	2023	Year to date Year to date Full year 2022	2022	Full year 2021
702 107 67 877 18 % (517) 360 41 %	833 136 78 1,047 39 % (558) 489 47 %	893 135 93 1,121 35 % (622) 499 45 %	884 158 89 1,131 32 % (698) 434 38 %	955 131 84 1,171 33 % (727) 443 38 %	1,026 149 99 1,274 22 % (725) 549 43 %	1,002 123 84 1,209 8 % (723) 486 40 %	983 136 84 1,203 6 % (772) 430 36 %	1,073 118 87 1,278 9 % (858) 420 33 %	1,191 141 109 1,440 13 % (915) 526 37 %		Nordic Marketplaces total 1,158 Classifieds revenues 120 Advertising revenues 83 Other revenues 1,361 Operating revenues 13 % YOY revenue growth (858) Operating expenses 504 EBITDA 37 % EBITDA-margin	3,422 378 279 4,080 12 % (2,630) 1,450 36 %	2,984 403 268 3,654 20 % (2,176) 1,478 40 %	3,967 538 352 4,856 16 % (2,948) 1,908 39 %	3,311 537 327 4,176 31 % (2,394) 1,782 43 %
430 49 54 533 11 % (266) 268 50 %	538 64 69 670 43 % (300) 370 55 %	522 58 68 647 33 % (297) 351 54 %	525 66 61 653 31 % (325) 327 50 %	602 59 60 722 35 % (330) 392 54 %	665 67 72 804 20 % (343) 461 57 %	643 50 65 758 17 % (370) 388 51 %	609 58 65 732 12 % (413) 318 44 %	682 49 53 785 9 % (413) 372 47 %	772 59 72 903 12 % (427) 476 53 %		Marketplaces Norway 741 Classifieds revenues 50 Advertising revenues 64 Other revenues 855 Operating revenues 13 % YOY revenue growth (421) Operating expenses 434 EBITDA 51 % EBITDA-margin	2,196 158 190 2,543 11 % (1,261) 1,282 50 %	1,910 176 198 2,284 23 % (1,044) 1,240 54 %	2,518 234 263 3,016 20 % (1,457) 1,558 52 %	2,015 237 251 2,503 29 % (1,188) 1,316 53 %
208 40 4 252 6 % (147) 105 42 %	233 50 4 287 10 % (163) 124 43 %	227 44 4 275 4 % (152) 123 45 %	212 50 4 267 -5 % (161) 106 40 %	205 40 3 248 -2 % (160) 87 35 %	220 49 5 275 -4 % (178) 97 35 %	214 40 4 258 -6 % (154) 104 40 %	214 43 6 263 -2 % (159) 104 40 %	216 38 2 255 3 % (162) 93 37 %	237 49 3 289 5 % (182) 106 37 %		Marketplaces Sweden 225 Classifieds revenues 42 Advertising revenues 1 Other revenues 268 Operating revenues 4 % YOY revenue growth (156) Operating expenses 112 EBITDA 42 % EBITDA-margin	677 128 812 4 % (500) 312 38 %	639 130 6 12 781 -4 % (493) 288 37 %	854 173 17 1,043 -4 % (651) 392 38 %	881 185 15 1,081 4 % (623) 458 42 %
		83 16 16 115 (89) 26 23 %	82 22 20 123 (94) 30 24 %	78 17 19 115 (96) 19 17 %	80 14 20 113 (94) 19 17 %	84 15 18 117 2 % (94) 23 20 %	92 17 22 132 7 % (99) 33 25 %	102 15 16 133 16 % (114) 19 15 %	111 15 16 143 26 % (122) 21 15 %		Marketplaces Denmark 113 Classifieds revenues 14 Advertising revenues 15 Other revenues 142 Operating revenues 21 % YOY revenue growth (111) Operating expenses 31 EBITDA 22 % EBITDA-margin	326 44 47 418 21 % (347) 71 17 %	243 46 57 345 199 % (284) 62 18 %	335 63 80 477 100 % (383) 94 20 %	165 38 36 239 (183) 56 23 %
63 18 13 94 292 % (91) 4 4 %	62 22 12 96 300 % (82) 14 15 %	61 16 11 89 12 % (73) 15 17 %	64 20 10 95 5 % (94) 0 0 %	69 15 12 96 2 % (103) (7) -7 %	62 19 15 95 -1 % (90) 6 6 %	59 17 12 89 0 % (77) 11 13 %	67 18 15 99 4 % (81) 18 18 %	71 15 20 107 11 % (122) (16) -15 %	67 18 21 106 11 % (135) (29) -27 %		Marketplaces Finland 74 Classifieds revenues 15 Advertising revenues 9 Other revenues 98 Operating revenues 11 % YOY revenue growth (109) Operating expenses (11) EBITDA -11 % EBITDA-margin	212 49 50 311 11 % (366) (55) -18 %	191 51 38 280 0 % (270) 10 4 %	257 68 53 379 1 % (351) 28 7 %	251 77 46 374 72 % (340) 34 9 %
(3) (14) (17)	(7) (13) (19)	(6) (10) (16)	(6) (24) (30)	(10) (39) (48)	(13) (20) (33)	(13) (27) (41)	(23) (20) (43)	(2) (46) (48)	0 (49) (49)		Other Nordic Marketplaces (1) (2) Operating revenues/eliminations (60) Operating expenses (62) EBITDA (1) Other Nordic Marketplaces includes Nordic Marketplaces headquarters, SPT cost allocation and eliminations	(3) (156) (160)	(36) (86) (122)	(59) (106) (165)	(22) (60) (82)
1.0145	0.9951	1.0130 1.3887 10.2640 10.0894 10.3274	0.9850 1.3408 9.9723	0.9480 1.3349	0.9568 1.3472	0.9474 1.3524	0.9501 1.3971	0.9806 1.4758 9.9327 10.0228 10.0610 10.3919 10.9845 11.6554 11.4042 EUR/NOK	1.0175 1.5645		0.9695 SEK/NOK 1.5301 DKK/NOK	0.9892 1.5235	0.9507 1.3448 11.3480 10.0055 10.1020 10.1633	0.9506 1.3579	1.0019 1.3647
205 40 4 249 2 % (145) 104 42 %	234 50 4 288 14 % (164) 124 43 %	224 44 4 271 6 % (150) 121 45 %	216 51 4 271 1 % (163) 108 40 %	216 42 3 261 5 % (169) 92 35 %	230 52 5 287 0 % (186) 101 35 %	226 43 4 273 0 % (163) 110 40 %	226 45 6 277 2 % (167) 110 40 %	220 38 2 260 0 % (165) 95 37 %	233 48 3 284 -1 % (179) 105 37 %		Marketplaces Sweden in SEK 232 Classifieds revenues 43 Advertising revenues 1 Other revenues 276 Operating revenues 1 % YOY revenue growth (160) Operating expenses 116 EBITDA 42 % EBITDA-margin	685 129 820 0 % (505) 315 38 %	672 136 6 12 821 2 % (518) 303 37 %	898 182 18 1,098 2 % (685) 413 38 %	879 185 15 1,080 6 % (622) 457 42 %
		60 12 12 83 (64) 19 23 %	61 16 15 92 (70) 22 24 %	59 13 14 86 (72) 14 17 %	59 10 15 84 (70) 14 17 %	62 11 13 87 4 % (69) 17 20 %	66 12 16 94 3 % (71) 23 25 %	69 10 11 90 5 % (77) 13 15 %	71 10 10 91 8 % (78) 13 15 %		Marketplaces Denmark in DKK 74 Classifieds revenues 9 Advertising revenues 10 Other revenues 93 Operating revenues 7 % YOY revenue growth (73) Operating expenses 20 EBITDA 22 % EBITDA-margin	214 29 31 274 7 % (228) 47 17 %	180 34 42 257 209 % (211) 46 18 %	247 46 59 351 101 % (282) 69 20 %	121 28 26 175 (134) 41 23 %
6 2 1 9 299 % (9) 0 4 %	6 2 1 10 337 % (8) 1 15 %	6 2 1 9 16 % (7) 1 17 %	6 2 1 10 13 % (9) 0 0 %	7 1 1 10 5 % (10) (1) -7 %	6 2 1 9 0 % (9) 1 6 %	6 2 1 9 3 % (8) 1 13 %	6 2 1 10 0 % (8) 2 18 %	6 1 2 10 1 % (11) (1) -15 %	6 2 2 9 -4 % (12) (2) -27 %		Marketplaces Finland in EUR 6 Classifieds revenues 1 Advertising revenues 1 Other revenues 9 Operating revenues -2 % YOY revenue growth (10) Operating expenses (1) EBITDA -11 % EBITDA-margin	19 27 -2 % (32) (5) -18 %	19 4 5 4 4 28 2 % (27) 1 4 %	25 7 5 37 2 % (35) 3 7 %	25 8 5 37 82 % (34) 3 9 %