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Mediaset 9-month profit surges past EUR 100 mln on lower costs, net debt doubles

Wednesday 13 November 2019 | 09:41 CET | News
Italian broadcaster Mediaset reported a surge in its net profit to EUR 101.5 million in the first 9 months of 2019, almost four times higher than the year-earlier result of EUR 27.0 million, thanks mainly to a 20.6 percent reduction in total operating costs to EUR 1.84 billion. However, net revenues fell to EUR 2.03 billion compared to EUR 2.43 billion in the year-earlier period due to a fall in the advertising markets in both Italy and Spain, impacted by the lack of high-profile sporting events, notably the discontinued Premium Calcio pay-TV offer and the absence of revenues deriving from

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Categories: Broadcast & Satellite
Companies: Mediaset / ProSiebenSat.1
Countries: Italy
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