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Mediaset posts EUR 19 mln loss in H1 as Covid hits advertising

Wednesday 9 September 2020 | 09:56 CET | News
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Italian broadcaster Mediaset reported a EUR 18.9 million loss in the first 6 months of 2020, compared to a EUR 102.7 million profit a year earlier, due above all to plunging advertising revenues prompted by the Covid-19 pandemic. Mediaset's consolidated operating profit (EBIT) came to EUR 31.7 million in the January to June period, down 80 percent year on year from EUR 191.6 million in H1 2019, while revenues were EUR 1.17 billion compared to EUR 1.48 billion in the same period last year as a result of the big drop in advertising sales in both Italy and Spain following lockdown measures.

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Categories: Broadcast & Satellite
Companies: Mediaset
Countries: Italy / Spain
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