Atresmedia : Q3 EBITDA down because of high programming investments
>Neutral rating reiterated - Atresmedia yesterday published Q3 results that came in slightly below our expectations with EBITDA of € 21.7m vs € 24m expected. EBITDA was down vs Q3 2022 due to significant programming investments. The group made an effort in terms of investment to consolidate its position as the market leader. The advertising trend (TV + digital) was better than expected in the quarter thanks mainly to September which was a good month (+4.5% in Q3 for t...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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