by Lars Herlin | May 8, 2023 | Automotive, Marketplaces, Digital Auto Retail
Several hundred car dealers in Norway have come together to build a digital platform that could shake up the country’s auto marketplace sector and represent significant regional competition for Schibsted. With an injection of NOK25 million ($2.4 million U.S.) in...
by Lars Herlin | May 5, 2023 | Marketplaces, Financials / Deals
Revenue at Denmark-based North Media declined by 3.3% year on year (y-o-y) to DKK248 million ($35.5 million U.S.) in Q1 2023. EBIT declined by 9.1% y-o-y to DKK104 million ($6.5 million). As a result, EBIT margin fell from 19.4% to 18.3% between Q1 2022 and Q1 2023....
by Lars Herlin | May 4, 2023 | Automotive, Marketplaces
Sweden-based Phyron, a producer of automated car videos for dealers, has launched automated AI video ads for publishing on various major platforms. Phyron has updated its automated video application --- originally launched in 2019 --- to publish p... Join now to...
by Lars Herlin | May 1, 2023 | Marketplaces, Financials / Deals
Schibsted’s financial results in the first quarter of 2023 are not overly impressive, but they’re also upbeat relative to the current macroeconomic environment. Two primary factors to take note from the Norway-based media and marketplace giant... Join now to access...
by Lars Herlin | Apr 26, 2023 | Real Estate, Marketplaces, Financials / Deals
Sweden-based real estate portal Hemnet saw revenue increase in Q1 2023, in spite of difficult market conditions, according to its latest financial reporting. Net sales rose 5.8% year on year (y-o-y) to SEK190.1 million ($18.4 million), while ope... Join now to access...
