Atresmedia : Challenging Q3 as anticipated, similar trends at the start of Q4
>Fairly challenging advertising trend in Q3 - Atresmedia reported Q3 2024 results yesterday that came in slightly below our expectations with EBITDA of € 14m vs € 16m expected. Advertising revenues in Q3 were down 5%, while we looked for a decline of 6%. It was therefore a challenging quarter in terms of the advertising trend. Base effects were also demanding since Q3 2023 showed growth of 4.5%. We think that the group was notably affected by the fact that it did not ...Atresmedia Corporacion De Medios De Comunicacion is a television and radio broadcasting company based in Spain. Co. is engaged in the indirect management of television and radio services, which include the broadcasting, creation, production and distribution of television and radio programming, and the sale of advertising time. Group companies mainly carry on business activities relating to the production, copying and broadcasting of sounds and images, and TV and Internet home shopping. Co. provides National and World Digital Television Services. Co. is the parent company of Grupo Antena 3.
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