Atresmedia Corporacion De Medios De Comunicacion Sa · BME:A3M
Atresmedia Corporacion De Medios De Comunicacion Sa — Atresmedia — Investor Presentation (May 2026)
24 slides from Atresmedia Corporacion De Medios De Comunicacion Sa's investor presentation, May 2026
Slide 1: Presentation to investors
Atresmedia Presentation to investors May 2026 1
Slide 2: Atresmedia revenue breakdown in 2025
ATRESMEDIA REVENUE BREAKDOWN IN 2025 Revenues by origin Revenues by division Non Advertising Audiovisual 92% Advertising in 17% Audiovisual Content 75% 2025 2025 Net Rev Net Rev € 1,002 m € 1,002 m 83% 8% 8% 9% Radio Content Others Advertising NAR Production & Distribution Source: ANNUAL ACCOUNTS NA
Slide 3: Financials
FINANCIALS
Slide 4: Revenue by segment
REVENUE BY SEGMENT In € mill AUDIOV. ADV -49 M€ CONTENT -16 M€ (-1.5%) PROD & DISTR. +1 M€ -19 M€ (-2.0%) OTHERS + +29 M€ PERIMETER REVENUES 1,018 1,002 944 925 +3 M€ (+4.0%) 83 86 FY 24 FY 25 FY 24 FY 25 FY 24 FY 25 TOTAL GROUP AUDIOVISUAL RADIO Source: Atresmedia annual accounts. Not including e
Slide 5: Opex by segment
OPEX BY SEGMENT In € mill 915 Provision for voluntary 45,6 849 redundancy plan 840 869 39,1 784 810 +3.4% +3.3% OPEX 74 6,5 65 68 +4.2% 2024 2025 2024 2025 2024 2025 TOTAL GROUP AUDIOVISUAL RADIO Source: Atresmedia annual accounts. Not including eliminations
Slide 6: EBITDA by segment
EBITDA BY SEGMENT In € mill 178 -25.0% 160 Provision for voluntary -28.0% redundancy plan 133 115 45.6 EBITDA 39.1 87 76 17 +3.2% 18 6.5 11 2024 2025 2024 2025 2024 2025 TOTAL GROUP AUDIOVISUAL RADIO Source: Atresmedia annual accounts
Slide 7: Operating figures
O P ER A T I N G F I GU R ES
Slide 8: Spanish advertising market 2025
SPANISH ADVERTISING MARKET 2025 TOTAL MARKET V s M a r k e t F Y 2 4 s h a r e 50% 6,209 6,267 7.000 TV -4.4% 28.5% 5,962 5,958 5,694 5,939 40% 5,750 6.000 5,456 RADIO +2.6% 9.4% 30% 5.000 20% SEARCH +2.4% 16.0% 4,879 12% 4.000 10% 4% 4% 4% SOCIAL MEDIA +2.8% 14.1% 2% 4% 1% 3.000 0% WEBS +8.8% 8.9%
Slide 9: Atresmedia audiovisual: audience share by groups
ATRESMEDIA AUDIOVISUAL: AUDIENCE SHARE BY GROUPS In % AUDIENCE SHARE AUDIENCE SHARE TOTAL DAY PRIME TIME # of channels 28,2 27,2 26,8 26,4 28,2 26,1 25,6 27,5 27,0 6 25,9 25,7 27,3 25,5 26,2 25,6 24,9 24,4 7 26,4 23,1 24,5 24,6 24,2 23,7 21,9 5 18,2 16,6 17,4 17,7 17,0 15,3 15,8 14,5 14,7 15,1 15,2
Slide 10: Atresmedia radio evolution listeners
ATRESMEDIA RADIO EVOLUTION LISTENERS Thousands of listeners/day BEST FIGURE SINCE 2021 3,171 2,901 2,955 2,920 2,930 2,996 2,885 2,188 2,311 2,124 2,126 2,142 1,977 2,081 BEST FIGURE MAS DE UNO SINCE 2015 con Carlos Alsina 710 815 727 732 704 741 799 Best Audience Ever: >1.8 Mill. listeners/day 99 9
Slide 11: Atresmedia audiovisual: main milestones
ATRESMEDIA AUDIOVISUAL: MAIN MILESTONES 4-CONSECUTIVE YEARS LEADER IN TOTAL INDIVIDUAL AND PRIME 2025: ATRESMEDIA TIME AUDIENCES ABSOLUTE 26.1% ATRESMEDIA (6 CHANNELS): LARGEST HISTORICAL DIFFERENCE SPANISH LEADER VS MEDIASET (7 CHANNELS) NEOX, NOVA, MEGA & ANTENA 3: (12.8%) LA SEXTA: (6.2%) ATRESER
Slide 12: Atresmedia digital: operational metrics
ATRESMEDIA DIGITAL: OPERATIONAL METRICS 9 YEARS AS A LEADING DIGITAL GROUP IN NUMBER OF USERS AVOD SVOD ATRESMEDIA WEBS OTHERS #1 Audiovisual group (#7 overall) INFLUENCER 2.5 Mill. 750 K MARKETING AVERAGE 2025 +10% YOY RANKING MOST VISITED SITES Revenues: +42% MONTHLY VIDEO SUBSCRIBERS USERS DEC 25
Slide 13: Atresmedia audiovisual: content production and distribution
ATRESMEDIA AUDIOVISUAL: CONTENT PRODUCTION AND DISTRIBUTION SVOD CONTENT SALES AGREEMENTS WITH THE MAIN OPERATORS 750K SUBSCRIBERS ( +10% YOY) +20% YOY REVENUES DISNEY+ & VIX STRATEGIC AGREEMENT INTERNATIONAL ATRESMEDIA CINE 14 FILMS IN DISTRIBUTION 58 MILL. HOUSEHOLDS 32% OF THE SPANISH FILM BOX OF
Slide 14: Other businesses
ATRESMEDIA: OTHER BUSINESSES LEADING COMPANY IN SPAIN IN EVENTS AND EXPERIENTIAL MARKETING CLEAR EXAMPLE OF OPTIMIZATION OF THE GROUP'S COMMERCIAL OPERATIONS (INTEGRATION FROM 1/1/26) >1,000 EVENTS ( 3/day) Running E-games Motor Forums >40 POPULAR RACES LARGEST METAFUTURO >300K RUNNERS NATIONAL EV
Slide 15: Strategic overview
ATRESMEDIA: STRATEGIC OVERVIEW 1 CONSOLIDATING LEADERSHIP IN AUDIOVISUAL AND RADIO OUR AIM: 2 DIGITAL IS CORE LEADING DIGITAL PLATFORM FOR 3 MAXIMIZING CONTENT EXPLOTATION CYCLE AUDIOVISUAL CONTENT IN 4 CONTENT PRODUCTION POWERHOUSEC SPANISH 5 DIVERSIFICATION 2.0 6 INTERNAL PROCESSES TRANSFORMATION
Slide 16: Consolidating leadership in audiovisual and radio
ATRESMEDIA: STRATEGIC OVERVIEW 1 CONSOLIDATING LEADERSHIP IN AUDIOVISUAL & RADIO 2025 AUDIENCE LEADERSHIP + INNOVATION = PREMIUM PRICING ATRESMEDIA & ANTENA 3: 2025: TOTAL V1DEO LEADING SPANISH AUDIENCES PREMIUM PRICING ON ALL FOR LAST 3 YEARS ATTENTION GENERATION IN MEDIA HIGH QUALITY VIDEOS WITH M
Slide 17: Digital is core
ATRESMEDIA: STRATEGIC OVERVIEW 2 DIGITAL IS CORE INTERNAL SITES AVOD SVOD In 2026 20 ORIGINALS & INVENTORY OPTIMIZATION PREMIUM CPT VS. LINEAL 750K 677K EXCLUSIVE CONTENT 600K RELEASED PER YEAR REVISION OF PRICING POLICY 20 FAST CHANNELS 2025 2024 STRATEGIC COMMERCIAL 2023 INTEGRATION AGREEMENT EXP
Slide 18: Maximizing content exploitation cycle
ATRESMEDIA: STRATEGIC OVERVIEW 3 MAXIMIZING CONTENT EXPLOTATION CYCLE 2025 TV ANGELA SUEÑOS DE LIBERTAD T3 CINE AVOD CONTENT SALES TO 3RD SVOD PARTIES SUBSCRIPTION INTERNAT. ADVERTISING SUBSCRIPTION SUBSCRIPTION ADVERTISING ADVERTISING SALES SALES SALES IN 2026: EXTRACTING MAXIMUM VALUE FROM THE 360
Slide 19: Content production powerhouse
ATRESMEDIA: STRATEGIC OVERVIEW 4 CONTENT PRODUCTION POWERHOUSE In 2026: 2025 NEW ADDITIONS TO THE PRODUCTION INCREASE IN THE PRODUCTION COMPANIES COMPANIES PORTFOLIO OF SPANISH PORTFOLIO FICTION & PRODUCTION COMPANIES CINEMA (BUENDIA, SUMA CONTENT, NEWS & VANCOUVER & LUMINOL IMPLEMENTATION OF AI-BAS
Slide 20: Diversification
ATRESMEDIA: STRATEGIC OVERVIEW 5 DIVERSIFICATION 2025 MOST ACTIVE YEAR IN THE HISTORY OF ATRESMEDIA IN TERMS OF CORPORATE OPERATIONS 17 M€ ACQUISITION OF 75% OF THE LARGEST 115 M€ EXPERIENTIAL MARKETING AND EVENTS AGREEMENT FOR THE ACQUISITION OF 100% AGENCY IN SPAIN OF CLEAR CHANNEL SPAIN SIGNIFICA
Slide 21: Internal processes transformation
ATRESMEDIA: STRATEGIC OVERVIEW 6 INTERNAL PROCESSES TRANSFORMATION IMPROVED EFFICIENCY: Action Plan for rapid implementation Voluntary redundancy plan / restructuring Savings and Efficiencies Plan New management systems: Financial ERP, HR AI APPLICATION IN COMMERCIAL AND INTERNAL PROCESSES: Optimizi
Slide 22: Maximise shareholder returns
ATRESMEDIA: STRATEGIC OVERVIEW 7 MAXIMISE SHAREHOLDER RETURNS DIVIDENDS PAID DIVIDEND YIELD TOTAL SHAREHOLDER RETURN (Final 2024 + Interim 2025) (Stock price + Divid.) 2025 13% 26% 146 M€ (0.65 €/sh.) Estimated Operating M&A to explore Dividend policy Cash Flow/ EBITDA • • Digital Content producti
Slide 23: Forecast 2026
F O R EC A S T 2 0 2 6
Slide 24: Atresmedia forecast 2026e
ATRESMEDIA_FORECAST 2026e SPANISH ADVERTISING ATRESMEDIA MARKET EBITDA MARGIN TOTAL REVENUE Audiovisual: Flat Stable at constant perimeter 15% Radio: slight increase + H126 Last Lap Contribution Outdoor: mid-range growth + Clear Channel NET FINANCIAL POSITION 2025 COMPLEMENTARY DIVIDEND -25 M€ 47