TVN beats expectations while Agora disappoints
TVN has exceeded the average expectations of analysts, as its revenues grew by 35 percent on last year. This was mainly caused by a change in the structure of advertising sales. Moreover, TVN representatives emphasized that costs grew at a slower pace than revenues, despite the fact that the company launched more programs this season than a year earlier.
However, Agora, the publisher of Gazeta Wyborcza, despite having generated an expected level of revenues of zł.343.7 million, the profit was below the forecasts. The reason was unexpected high costs of marketing, mainly for the promotion of its numerous internet ventures.
Source: Puls Biznesu
However, Agora, the publisher of Gazeta Wyborcza, despite having generated an expected level of revenues of zł.343.7 million, the profit was below the forecasts. The reason was unexpected high costs of marketing, mainly for the promotion of its numerous internet ventures.
Source: Puls Biznesu
