Syn, a publicly owned company headquartered in Iceland, was founded in 2005, employs approximately 120 individuals, and reported $171.8M in revenue as of 2025. Functioning as a tier 1 media tech buyer, the company operates as a telecommunication provider for companies in Iceland. Syn was formed through the merger of Vodafone Iceland and the former 365 media.
On May 27, 2026, Syn held a video conference to discuss its first-quarter 2026 results. The Icelandic operator reported that its Q1 2026 performance exceeded expectations, reflecting an ongoing operational turnaround, with EBITDAaL surging 45% due to higher core business revenue and targeted cost containment. Earlier, on February 26, 2026, Syn announced its 2025 full-year results, with revenue growing 1.5% to ISK 21981 million and EBITDAaL increasing 4.4%, pushing the margin to 16%. The company's net loss halved to ISK 634 million following major restructuring, asset sales, including an infrastructure sale, rebranding efforts, and cost controls, which improved cash flow and operational focus despite ongoing legal and market challenges, supported by strong Q4 advertising.
Syn offers 2 products in the media and telecoms services industry. Syn's product portfolio comprises of media and TV services and broadcast television and radio.
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Syn's revenues were $171.8M in 2025. Caretta Research has split Syn's revenue into 2 different product categories.
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