Published: 08.51 Europe/London, May 13, 2011
The Polish thematic channel broadcaster and programme producer/distributor 4fun Media has posted Q1 revenue and net profit figures around 31% and 13% higher than in the same period last year.
Its revenues in the first quarter amounted to PLN4.475 million (€1.143 million), while the net profit was PLN1.303 million.
4fun Media currently operates two thematic channels – 4fun.tv and rebel.tv – which as of the end of Q1 had technical coverage of 58% and 18% respectively.
It also has plans to shortly launch a third channel, named TV.Disco.
The company’s ad revenues in the quarter were 52% higher than in the corresponding period last year.
4fun Medialits Nova Group (Cyprus) as its majority (50.81%) shareholder, followed by Golden Finance Investments (10.04%) and Supernova Fund (5.73%).