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Mediaset Spain profit down 25%

May 7, 2021

From David Del Valle in Madrid

Mediaset Spain saw its profit fall by 24.9 per cent in the first quarter, down to €36.7 million from €48.9 million in the same period last year.

Net revenues amounted to €184 million, down 19.9 per cent with an EBITDA reaching €51.3 million, down 23.7 per cent. EBIT was €47.1 million, a 23.7 per cent decline against the same period last year.

The ongoing ad crisis, as a result of the pandemic, is the main cause for the gloomy results.

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