Atresmedia : Favourable advertising trend in Q2 but hefty investment in programmes
>Neutral rating reiterated - We provide here an update on our expectations for Atresmedia and the Spanish advertising market with a view to the Q2 2024 earnings reports. The group is due to published its results on 24 July. Our annual forecasts are unchanged but we have made a number of adjustments to our Q2 estimates. Q2 probably got off to a good start, thanks to favourable momentum across Europe. Keep in mind that the advertising market in Q1 was highly favourable ...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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