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Mediaset revenues down 2.5% in Q1, triples profit

Wednesday 10 May 2017 | 08:36 CET | News
Italian broadcaster Mediaset reported revenues of EUR 889.3 million in the first quarter, down 2.5 percent on the year-earlier result of EUR 912.0 million. The decline was due to a EUR 32.7 million quarterly fall in sales at the Italian unit, partly offset by a EUR 9.7 million rise at Mediaset Spain. However, the company managed to more than triple its quarterly profit to EUR 76.6 million from EUR 21.4 million the previous year after growing ad sales in Italy by 2.4 percent in the first quarter. In a statement, the broadcaster described the result as a significant indicator following the

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