Schibsted ASA (SCHA/SCHB) - Interim Financial Statement Q3 2018

Today, Schibsted Media Group released its Q3 2018 report. The revenue grew 5
percent to NOK 4,358 million, whereas the EBITDA grew 10 percent to NOK 865
million.

"In Q3 Schibsted announced that we will spin off our international marketplaces
businesses into a separate, listed company. This is a major strategic step for
the Group, which will create new opportunity and shareholder value both for the
new company, preliminarily called MPI, and for the remaining Schibsted. The plan
is first day of trading for MPI in April 2019, and we have decided to apply for
listing of MPI at the Oslo Stock Exchange," CEO Rolv Erik Ryssdal says.

"Meanwhile, I am happy to report that our operations are developing strongly.
Our Marketplaces operations are growing revenues well and improving their EBITDA
margin. This is particularly driven by improved monetization in the verticals in
key markets like France, Spain, Brazil and Norway. Sweden is still on the soft
side," Ryssdal says.

"The reduction in investment phase losses continues. Brazil is already producing
good margins. Shpock enters a new phase with emphasized focus on a path to
profitability, moving towards break-even during 2019," Ryssdal says.

"Our publishing operations have experienced a slight revenue decline, but have
been able to maintain solid operating margins in Q3, driven by good digital
growth and tight cost control. High quality in our editorial products is
paramount in order to continue to build long-term viable revenue models, and I
am glad to see that the number of digital subscribers continues to develop
positively," Ryssdal says.

"In September, we announced the plan to roll our successful personal finance
product Lendo out in three new markets, where we see significant potential for
value creation. Although the revenue growth of Lendo was somewhat lower in Q3
than in previous few quarters, Schibsted sees personal finance and fintech as an
exciting area of growth. Lendo currently is the most important initiative in
this field, but we have several other exciting initiatives with promising
development," CEO Rolv Erik Ryssdal says.

Highlights of Q3 2018
* Marketplaces: Revenues continue to grow, and profits increase

* Revenue up 13 percent*; EBITDA margin up 2%-points to 35 percent*.
Revenue from verticals grew 17 percent
* France, Spain, Norway and Brazil with strong development in Q3
* Lower margin in France due to acquisitions and increased marketing -
Leboncoin.fr EBITDA margin in Q3 58 percent (61%).
* Investment phase losses are declining. Refocused ambitions for Shpock -
moving towards break-even during 2019
* Publishing: Digital continues to grow

* 1 percent total revenue decline; solid digital growth and 10 percent
EBITDA margin (11%)
* Schibsted Growth: Continues to expand

* Continued growth for Lendo, but with lower rate than in previous
quarters. Planning launch in three new markets
* International online marketplaces to be spun off and separately listed at
Oslo Stock Exchange
* Kristin Skogen Lund appointed new CEO of Schibsted
*) Including proportionate share of JVs, adjusted for currency **) Excluding
Hitta (divested Q3 2017)

 (NOK million)  January to
Third quarter September

2017 2018  SCHIBSTED MEDIA GROUP  2018 2017

  4,161   4,358  Operating revenues   13,317   12,488

  783   865  EBITDA   2,371   1,911

19 % 20 %  EBITDA margin 18 % 15 %

  903   972  EBITDA excl. Investment phase   2,734   2,442

22 % 23 %  EBITDA margin excl. Investment phase 21 % 20 %


Schibsted invites to an analyst and press conference at Akersgata 55, Oslo, 26
October 2018 at 09:00 CET. The presentation will be held in English and
transmitted live as a video webcast on https://www.schibsted.com/en/ir/. CEO
Rolv Erik Ryssdal and EVP CFO Trond Berger will present at the analyst and press
conference.

A conference call with Q&A linked to the Q3 2018 numbers will take place 26
October 2018 at 14:00 CET. The session will be held in English.

NOTE: To avoid waiting time when connecting to the call, please use the below
link 5-10 minutes prior to start time, where you will be asked to type in your
phone number and registration details. The Event Conferencing system will
automatically call you back on the phone number you provide and place you into
the event. Please note that the link will become active 15 minutes prior to the
event: Link to join call: https://bit.ly/2yLsx3P

For manual dial-in, use the following number (note that this connection might
take more time): +47 2100 2613. Passcode: 180160.

Contact persons:
Trond Berger, CFO. Tel: +47 916 86 695
Jo Christian Steigedal, Head of IR. Tel: +47 415 08 733


Oslo, 26 October 2018
SCHIBSTED ASA

Jo Christian Steigedal
Head of IR


This information is subject to the disclosure requirements pursuant to section
5 -12 of the Norwegian Securities Trading Act.