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Mediaset returns to profit in 2017, to make EUR 70 mln a year from Sky deal

Wednesday 25 April 2018 | 09:12 CET | News
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Italian broadcaster Mediaset reported revenues of EUR 3.63 billion in 2017, down from EUR 3.66 billion in 2016 due to a slowdown in advertising in Spain and losses at pay-TV unit Premium. However, the company's operating profit (EBIT) surged to EUR 316.5 million from a EUR 189.3 million loss the previous year thanks to a turnaround in Italy, where EBIT rose to EUR 70.9 million from a EUR 413.7 million loss, and a rise in Spain from EUR 224.4 million to EUR 245.3 million. As a result, the group's net profit came to EUR 90.5 million compared with a loss of EUR 294.5 million in 2016 when results

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Categories: Broadcast & Satellite
Companies: Mediaset / Sky Italia / Vivendi
Countries: Italy
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