Atresmedia : 2023 earnings beat forecasts thanks to a better than expected advertising trend in Q4
>Neutral rating reiterated - Atresmedia reported this morning 2023 full-year results that beat our forecasts with EBITDA of € 173m, whereas we had forecast € 168m thanks to an advertising trend that was better than expected and above our forecasts for Q4. Q4 advertising growth came to 2.6% (we had forecast 0.5%). The group made investment efforts to consolidate its leader position on the market and costs were up 2.6%, but despite this the margin was very slightly dow...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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