The TX Group, publisher of 20 Minuten and Tages-Anzeiger and operator of platforms including Ricardo, Homegate and Jobs.ch, reported first-half 2026 revenue of CHF402.4 million, a 5.7% decline from the prior-year period. All segments posted revenue declines, with 20 Minuten down 15%.
Adjusted operating profit (EBIT) rose 74.3% to CHF67.1 million, lifting the margin to 16.7% from 9.0%. The TX Markets segment, which includes stakes in JobCloud and the Swiss Marketplace Group (SMG), again contributed the largest profit. Goldbach and 20 Minuten also improved profitability, while Tamedia and Group&Ventures reported lower adjusted EBIT.
Reported operating profit fell to a loss of CHF9.9 million from a gain of CHF7.0 million a year earlier, primarily due to a CHF46.4 million goodwill impairment at Goldbach. The impairment reflects the ongoing decline in linear television advertising, which outpaced growth in digital video formats. The adjustment is non-cash and non-recurring, the company said.
Net loss for the period totaled CHF14.6 million, compared with net income of CHF4.2 million in the first half of 2025.
TX Group Chairman and Publisher Pietro Supino described the first-half performance as encouraging, noting that the group must maintain momentum amid ongoing media industry transformation. He emphasized continued investment in digital expansion and cost efficiency. However, the Tamedia paid-media segment faced steeper-than-expected revenue declines in both reader and advertising markets, delaying its profitability targets. The previously planned 8-10% EBIT margin for 2027 is now expected on a medium-term basis.
The group also announced the departure of Chief Operating Officer Tanja zu Waldeck, who left for personal reasons. TX Group will streamline operations under a revised structure, with Chief Portfolio Officer Daniel Mönch assuming the additional role of COO, overseeing Goldbach and central Group Services. The CEOs of Tamedia and 20 Minuten will now report directly to the board.
