Atresmedia : Stabilisation of the market in July but no sign of an upturn
>Q2 2020 advertising revenues down 50% - Atresmedia reported yesterday its Q2 2020 results which were broadly in line with expectations, with EBITDA of € 7m, while we had forecast € 6m. The cost base was down 35.3%, which illustrates the company’s efforts to adjust its costs and adapt to the market’s downtrend. The operating margin thus came in at 4.5% vs 20.8% in Q2 2019. Advertising revenues were down 50% in Q2 (vs our forecast of -42%) to stand at € 111m. This decl...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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