Business
MBC GROUP DELIVERS RESILIENT 1Q 2026 PERFORMANCE ANCHORED BY STRONG MBC SHAHID GROWTH
MBC GROUP ("MBC" or the "Company" or the "Group") (Tadawul: 4072), the leading media and entertainment conglomerate in the Middle East and North Africa ("MENA") region, today announced its financial results for the three-month period ended 31 March 2026 ("1Q 2026"). The Group reported revenues of SAR 1.6 billion, compared to SAR 2.0 billion in 1Q 2025, primarily reflecting the timing of project-based revenues and a more cautious advertising environment amid ongoing regional geopolitical developm
About this update from Mbc Group Company
[{"type":"text","content":"RIYADH, Saudi Arabia, May 10, 2026 /PRNewswire/ -- MBC GROUP ("MBC" or the "Company" or the "Group") (Tadawul: 4072), the leading media and entertainment conglomerate in the Middle East and North Africa ("MENA") region, today announced its financial results for the three-month period ended 31 March 2026 ("1Q 2026"). The Group reported revenues of SAR 1.6 billion, compared to SAR 2.0 billion in 1Q 2025, primarily reflecting the timing of project-based revenues and a more cautious advertising environment amid ongoing regional geopolitical developments. Net profit reached SAR 222.3 million, down 15.6% year-on-year, while net profit margin expanded to 14.1%, supported by disciplined cost management and a more than threefold increase in MBC SHAHID's net profit.","length":845,"tagName":"p"},{"type":"image","alt":"MBC Group Logo","displaySize":"","headline":null,"caption":"MBC Group Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":200,"url":"https://media.zenfs.com/en/prnewswire.com/0909ebdb8239cf2538cc7f2e7a8376a7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/TeOiv2Kb5vB7hWqbTYelsw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM1Mw--/https://media.zenfs.com/en/prnewswire.com/0909ebdb8239cf2538cc7f2e7a8376a7","width":400,"height":200},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/C59MkjWxbL3OcJ3108a.nw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTMyMA--/https://media.zenfs.com/en/prnewswire.com/0909ebdb8239cf2538cc7f2e7a8376a7","width":400,"height":200}}},{"type":"text","content":"Overall, the Group's performance demonstrated resilience during the quarter, supported by strong Ramadan-driven content demand, continued subscriber revenue growth in MBC SHAHID, and the strength of its diversified revenue model, which helped offset softer advertising conditions and project timing effects.","length":311,"tagName":"p"},{"type":"text","content":"Mike Sneesby, Chief Executive Officer of MBC GROUP, commented: "During the first quarter of 2026, our performance reflected the resilience of MBC's diversified operating model amid a more volatile external environment. While revenues were impacted by softer advertising demand and the absence of SSC-related activities that contributed in the same period last year, we still del...