Independent and trusted media is essential for an open and democratic society

We reach 96% of all Finns every week by providing trusted Finnish journalism and inspiring entertainment. 

Successful digital transformation further driven by AI and significant growth of the gambling market

Continuous digital growth

We have succeeded in digital transformation with progress on all key fronts. From 2015 to 2025 we have gone from 70% to 89 % digital weekly reach in 15-74 year olds and from 8% to 50& in digital-only subscriptions of total subscriptions.

Our aim is growing digital news media subscription sales and optimising hybrid. Our digital revenue growth is offsetting print decline in news media B2B sales.

AI driven value potential

We drive digital subscription and advertising growth while optimising print and linear. We also embrace AI as a driver for customer value and productivity​. We also look to capture advertising growth responsibly when the gambling market opens in 2027.

Gambling market opening

The Finnish gambling market will open up to a license model in 2027, bringing a significant uplift to the advertising market. According to the current plan, advertising will be permitted in the majority of the categories where we are present. We assume the first years to be peak years as advertisers will invest to build their brands and positions before stabilisation towards 2030, similar to other markets. We are well-positioned to capture the growth opportunity in a responsible way.

Media Finland advertising sales to grow approximately by 20+m€ from the market opening

Media spend opportunity from gambling advertising

  • Estimated total incremental marketing spend from gambling companies 200m€ p.a., of which ~150m€ to be spent in advertising
    • Normalising towards 80–100m€ p.a. in a steady state
  • 50% of the advertising media spend expected to be invested in the domestic market and 50% in global platforms
  • Domestic market growth estimates assume increasing price level in key advertising categories with the increased demand
  • Margin contribution expected to be high

Financial targets 

Growth at Media Finland Target %
Comparable net sales Stable
Adjusted operating profit Low single-digit

Growth is measured annually with a 3-year CAGR (compound annual growth rate). Additional considerations on top of the above financial targets are:

  • In Media Finland, substantial net sales (above EUR 20 million p.a.) and earnings growth, in addition to the above targets, is expected from the opening of the gambling market from 2027

Read more

We have leading positions in our key focus areas

Journalism
#1 in independent domestic journalism, further strengthened by the acquisition of regional news media
Entertainment
#1 in domestic entertainment with most attractive brands and stars
B2B marketing solutions
#1 marketing partner helping companies to grow in Finland
  • Leading position in selected areas of journalism:
    • #1 Helsingin Sanomat, Finland’s most-read newspaper
    • #2 Aamulehti, Finland’s second most-read seven-day newspaper
    • #1 Ilta-Sanomat, Finland’s most-read news media brand
    • Extensive portfolio of magazines and local newspapers
  • We focus on strengthening both our digitally active subscriber base and our nationwide daily reach.
  • More than 95% of our news subscribers already pay for a digital component.
  • Leading positions in selected areas:
    • #1-2 in TV & video
    • #2 in radio & audio
    • #1 in live events
  • Increasing share of B2C revenue driven by growing demand for subscription-based video-on-demand (SVOD), while the trend for free-to-air (FTA) TV is slightly declining
    • Total number of subscriptions for our SVOD service Ruutu+ is above 350k
  • Entertainment has an important role in our total advertising portfolio, and is expected to return to overall growth as corona impact on advertising and events expected to be temporary
  • A unique cross-media portfolio offering effective marketing solutions for B2B customers
  • Strong growth in digital advertising supported by improved data and targeting capabilities
  • High-performing sales teams with superior knowledge of local market and customers
  • Tradionally strong position among large customers
    • Current market share above 30%
  • Increasingly strong position among small and mid-sized advertisers 
    • Current market share about 15%
Read more about advertising market development

Key figures 2025

m€

Net sales

m€

Adjusted operating profit

%

Adjusted operating profit margin

%

non-print

employees, FTE