Atresmedia : Solid start to year in advertising, we upgrade our estimates for 2024
>Solid start to the year for advertising - Atresmedia yesterday held a conference call following its 2023 earnings which beat expectations thanks to a better-than-forecast advertising trend in Q4. But a key takeaway is the positive momentum in Q1. The group indicated sales growth of 16% in January/February. We estimate that March could be down 10%, which points to growth of 8% in Q1 by our estimates. The start of the year is very encouraging, and the advertising trend...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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