Discovery Networks Denmark ApSActive
Key figures
Key ratios
2025Balance sheet structure
Dividends
proposedProposed dividend for the financial year 2.096.000.000 kr.
Proposed dividend for the financial year from the annual report's profit allocation (normally paid the following year after the annual general meeting).
Corporate tax
income year 2024Administration company of a joint taxation group with 4 subsidiaries — the figures cover the whole group.
Source: the Danish Tax Agency's public company tax lists. Calculated tax for the income year; may be lower than 22% of income, e.g. when tax is paid abroad. sktst.dk
Financial statements2017–2025
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||||
| Cash and cash equivalents | 360.588.000 | 563.718.000 | 592.509.000 | 469.268.000 | 2.404.062.000 | 2.415.379.000 | 2.431.648.000 | 2.485.549.000 | 2.532.316.000 |
| Total current assets | 436.654.000 | 785.271.000 | 887.420.000 | 646.064.000 | 2.665.191.000 | 2.462.570.000 | 2.493.051.000 | 2.560.811.000 | 2.611.615.000 |
| Total non-current assets | 517.300.000 | 268.665.000 | 272.993.000 | 260.058.000 | 354.133.000 | 39.688.000 | 10.737.000 | 8.609.000 | 6.101.000 |
| Total assets | 953.954.000 | 1.053.936.000 | 1.160.413.000 | 906.122.000 | 3.019.324.000 | 2.502.258.000 | 2.503.788.000 | 2.569.420.000 | 2.617.716.000 |
| Balance sheet — liabilities and equity | |||||||||
| Current liabilities | 283.907.000 | 381.512.000 | 355.457.000 | 180.043.000 | 392.676.000 | 219.655.000 | 227.233.000 | 265.460.000 | 252.521.000 |
| Non-current liabilities | — | — | 3.501.000 | 10.342.000 | 10.989.000 | 0 | — | — | — |
| Total liabilities | 283.907.000 | 381.512.000 | 358.958.000 | 190.385.000 | 403.665.000 | 219.655.000 | 227.233.000 | 265.460.000 | 252.521.000 |
| Share capital | 2.000.000 | 2.000.000 | 2.000.000 | 2.000.000 | 2.001.000 | 2.001.000 | 2.001.000 | 2.001.000 | 2.001.000 |
| Retained earnings of previous periods | 657.174.000 | 636.121.000 | 751.692.000 | 684.468.000 | 2.602.593.000 | 2.273.510.000 | 2.267.462.000 | 2.294.448.000 | 265.005.000 |
| Profit for the year | 126.286.000 | -21.053.000 | 115.571.000 | -67.224.000 | -367.217.000 | -329.083.000 | -6.048.000 | 26.986.000 | 66.557.000 |
| Total equity | 659.174.000 | 638.121.000 | 753.692.000 | 686.468.000 | 2.604.594.000 | 2.275.511.000 | 2.269.463.000 | 2.296.449.000 | 2.363.006.000 |
| Income statement | |||||||||
| Sales revenue | 1.206.169.000 | 979.180.000 | 920.980.000 | 596.778.000 | 523.835.000 | 310.931.000 | 255.645.000 | 245.738.000 | 243.672.000 |
| Gross profit | 936.300.000 | 848.279.000 | — | — | — | — | — | — | — |
| Operating profit | 158.726.000 | -21.260.000 | 109.175.000 | -77.729.000 | -376.612.000 | -323.760.000 | -59.189.000 | -16.234.000 | 41.927.000 |
| EBITDA | 818.226.000 | 670.217.000 | 584.573.000 | 235.598.000 | 149.797.000 | -3.566.000 | -23.928.000 | -10.116.000 | 47.635.000 |
| Profit before income tax | 162.623.000 | -28.176.000 | 130.231.000 | -85.801.000 | -368.576.000 | -346.574.000 | 2.461.000 | 61.605.000 | 84.728.000 |
| Profit for the reporting year | 126.286.000 | -21.053.000 | 115.571.000 | -67.224.000 | -367.217.000 | -329.083.000 | -6.048.000 | 26.986.000 | 66.557.000 |
| Labour costs | 117.762.000 | 116.443.000 | 111.376.000 | 109.288.000 | 119.479.000 | 91.265.000 | 83.660.000 | 88.182.000 | 73.588.000 |
| Depreciation of non-current assets | 659.500.000 | 691.477.000 | 475.398.000 | 313.327.000 | 526.409.000 | 320.194.000 | 35.261.000 | 6.118.000 | 5.708.000 |
| Other indicators | |||||||||
| Employees | — | 173 | 168 | 162 | 139 | 121 | 124 | 94 | 86 |
| Dividends | — | — | — | — | — | — | — | — | 2.096.000.000 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
About the company
Annual report 2025Discovery Networks Denmark ApS is a subsidiary of Warner Bros. Discovery Inc. (Nasdaq: WBD). Warner Bros. Discovery is a premier global media and entertainment company with a differentiated and complete portfolio of content, brands and franchises across television, film, streaming and gaming. TThe TV channels made available in Denmark that Discovery Networks Denmark provides services for includes the TV Channels Kanal 5, Kanal 4, 6’eren, Canal 9, Eurosport 1 and Eurosport 2, Discovery Channel and TLC broadcasted into Denmark under broadcasting licenses from other EU countries. The company’s operations include services related to purchase of programs, distribution sales, marketing and sales of advertising and sponsorship. Moreover, the Company provides a variety of support services related to the digital business.The revenue consists of two primary elements: distribution revenue which is revenue from distributors who sells TV packages to end-users and sale of advertisements and sponsorships.Moreover, the Company supports the digital streaming services provided by Dplay Entertainment Ltd. and Discovery Communications Benelux B.V directly to end users.The main part of Company’s costs are content costs, which can be divided into use of sports rights, foreign acquisitions and local commissioning, as well as payroll costs.
The income statement for 2025 shows a profit of DKK 66,557 thousand against a profit of DKK 26,986 thousand last year, and the balance sheet at 31 December 2025 shows equity of DKK 2,363,006 thousand. The past year and follow-up on development expectations from last yearOver the past few years, the Danish market, alongside the rest of the Nordic region, has experienced a shift from linear viewing to digital consumption. The Company delivered a significant improvement in profitability in 2025 compared to 2024, which was expected to be in lign with the result for 2024, driven primarily by cost savings.
Excerpt from the management's review in the latest annual report.