Despite broadcasting the Euro 2016, Mediaset Espana reported revenues down 3% to €190.1m over the period (after +4.6% in Q1 and +12.8% in Q2) within a declining ad TV market (+1% after +6% in Q1 and +11% in Q2). Positively, the group managed to further reduce its costs with opex still cut by 3.5% over the quarter (-0.4% year-to-date), further highlighting its business model’s flexibility linked to the high proportion of in-house production. For the 9 months, total revenues were up
27 Oct 2016
Well done within a less supportive advertising environment
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Well done within a less supportive advertising environment
Mediaset Espana Comunicacion SA (0G9W:LON) | 0 0 0.0%
- Published:
27 Oct 2016 -
Author:
Véronique Cabioc'h -
Pages:
3
Despite broadcasting the Euro 2016, Mediaset Espana reported revenues down 3% to €190.1m over the period (after +4.6% in Q1 and +12.8% in Q2) within a declining ad TV market (+1% after +6% in Q1 and +11% in Q2). Positively, the group managed to further reduce its costs with opex still cut by 3.5% over the quarter (-0.4% year-to-date), further highlighting its business model’s flexibility linked to the high proportion of in-house production. For the 9 months, total revenues were up