Spain: Atresmedia profit down 6.3%
October 21, 2022
From David Del Valle in Madrid
Atresmedia, one of the largest TV operators in Spain, and owner of Antena 3 and La Sexta among other channels, saw its profit fall by 6.3 per cent to €74.8 million in the first nine months of the year. Revenues dropped by 1.6 per cent to €654.4 million as a result of advertising falling 4.1 per cent to €479.8 million. EBITDA amounted to €116.6 million down 3 per cent. TV revenues fell by 2.3 per cent to €609.3 million with content distribution revenues falling by 10.5 per cent to €50.3 million. Atresmedia ended September with an average rating share of 27.5 per cent across all its TV channels