Syn, a publicly owned company headquartered in Reykjavík, Iceland, was established in 2005. It employs approximately 170 individuals and reported $171.8M in revenue as of 2025. Functioning as a mass media and telecommunications conglomerate, the company is listed on the Nasdaq Iceland stock exchange. Syn operates across mobile/fixed-line telecom networks, linear television channels, commercial radio stations, and online news portals. It was originally established through a series of telecom and media mergers, notably combining Vodafone Iceland's local operations with the broadcasting assets of 365 Miðlar, and manages Icelandic consumer brands across multiple platforms.
Icelandic operator Syn announced its decision to discontinue television news production and broadcasting, with the final TV bulletin airing on August 31, 2026. This move reflects changing audience habits, as the public increasingly utilizes digital media for news, prompting Syn to focus its news coverage efforts on the Visir online portal and Bylgjan audio broadcasting channels. Earlier, on May 8, 2026, the company reported that its first-quarter 2026 performance exceeded expectations, driven by higher core business revenue and targeted cost containment, which resulted in a 45 percent surge in EBITDaL. Previously, on February 26, 2026, Syn reported a 1.5% revenue growth to ISK 21981 million in 2025, alongside a halved net loss of ISK 634 million. This financial improvement followed major restructuring, asset sales, and cost controls, which also enhanced cash flow and operational focus despite ongoing legal and market challenges, with the EBITDAaL margin reaching 16%.
Syn offers 2 products in the media and telecoms services industry. Syn's product portfolio comprises of broadcast television and radio and media and TV services.
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Syn's revenues were $171.8M in 2025. Caretta Research has split Syn's revenue into 2 different product categories, the largest of which is linear (thematic channel groups), which represents 74% of Syn's revenue.
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