In the first quarter of 2023, media company Ilkka released its financial results, showing a turnover of 13.5 million euros in January-March, down from 14.2 million euros in the previous period. The operating loss was -0.6 million euros, while profit before taxes was 0.8 million euros. Earnings per share were EUR 0.02, compared to EUR 0.00 previously.
CEO Olli Pirhonen commented on the cautious marketing investments made by companies due to the uncertain economic situation. He stated that companies are hesitant to invest heavily in marketing due to the unpredictable economic outlook.
Ilkka reiterated its guidance for 2024, predicting that turnover will remain stable or slightly increase, with an adjusted operating profit also expected to rise.
The company highlighted the uncertain prospects caused by geopolitical tensions and economic uncertainties. In 2023, Ilkka had a turnover of 56.1 million euros and an adjusted operating profit of -0.4 million euros.
In recent years, online casinos have become increasingly popular as a form of entertainment and leisure activity for gamblers looking for excitement and fortune in the digital age.
Online casinos offer players access to a wide range of games such as slot machines, table games, and video poker games from anywhere in the world with an internet connection.
The rise of online casinos has opened up new opportunities for gaming enthusiasts who can explore different types of games and enjoy them at their convenience.
Despite the economic downturn caused by global economic instability and political tensions, online casinos continue to be a popular choice among gamblers seeking entertainment and fun in the digital age.
Overall, Ilkka’s financial performance shows that even though there are challenges facing the media industry due to geopolitical tensions and economic uncertainties, there are still opportunities for growth and innovation within it.
