Atresmedia Corporacion De Medios De Comunicacion Sa · BME:A3M
Atresmedia Corporacion De Medios De Comunicacion Sa — Atresmedia — H1 2025 Earnings Presentation
21 slides from Atresmedia Corporacion De Medios De Comunicacion Sa's earnings presentation, Jul 23, 2025
Slide 1: Atresmedia Financial Results H1 25
ATRESMEDIA FINANCIAL RESULTS H1 25 23.07.2025 We believe in the power of reflection and emotion 1
Slide 2: Financial Results H1 25
FINANCIAL RESULTS H1 25
Slide 3: Highlights H1 25: A challenging first half of the year
HIGHLIGHTS H1 25 2025: A CHALLENGING FIRST HALF OF THE YEAR EXCELLENT CASH POSITION & AUDIENCE LEADERSHIP IN SOLID RESULTS AND MARGINS ATTRACTIVE SHAREHOLDER A DIFFICULT MARKET REMUNERATION TV 26.4% Total individuals TOTAL REVENUES NET CASH POSITION 507 M€ (-3.2%) 65.4 M€ DIGITAL 23.1 Mill users (av
Slide 4: Spanish Advertising Market
SPANISH ADVERTISING MARKET TOTAL AD MARKET 0.8%VS H1 24 TELEVISION* RADIO* SEARCH SOCIAL WEBSITES Press* Others* MEDIA vsH124 -4.6% 2.5% 1.1% 4.9% 2.2% -1.1% 6.1% Source: Infoadex (new format: TV, Radio, Digital and Others includes conventional and digital revenues) 4
Slide 5: TV: Audience Share by Groups
ATRESMEDIA TV: AUDIENCE SHARE BY GROUPS In % AUDIENCE SHARE AUDIENCE SHARE TOTAL DAY PRIME TIME Nº channels 28.2 27.2 26.8 26.4 26.4 28.2 6 27.5 27.0 25.9 25.7 27.3 26.2 25.6 7 24.9 24.9 26.4 24.5 24.6 24.2 23.7 5 17.1 15.8 15.7 17.0 14.7 15.3 14.5 15.1 15.2 14.4 2021 2022 2023 2024 H1 25 2021 2022
Slide 6: TV: Main Highlights
ATRESMEDIA TV: MAIN HIGHLIGHTS H1 25: ATRESMEDIA: (26.4%) 3 AND A HALF YEARS IN PRIME TIME LEADER FOR 4AND A HALF YEAR IN A ROW BEST IN A ROW LEADING SPANISH AUDIENCES ATRESMEDIA (6 CHANNELS): LARGEST GAP EVER VS CLASS MEDIASET (7 CHANNELS) ANTENA 3: (12.8%) LA SEXTA: (6.6%) NEOX, NOVA, MEGA & ATRES
Slide 7: Digital Businesses
ATRESMEDIA DIGITAL BUSINESSES AVOD/SVOD ATRESMEDIA SITES OTHERS # 7 TH INFLUENCER (& 1 st audiovisual MARKETING group) 2.7 Mill. 708 K MOST VISITED SITES (+35% revenues vs 24) AVERAGE JAN-JUNE 25 RANKING MONTHLY VIDEO (+13% yoy) PLAYER USERS SUBSCRIBERS 23.1 Mill. DIGITAL AGENCY 17.0 Mill. 20 Mill.
Slide 8: Cinema: 32% box office of Spanish cinema
ATRESMEDIA CINEMA 32% box office of Spanish cinema 8
Slide 9: Radio Listeners Evolution
ATRESMEDIA RADIO LISTENERS EVOLUTION Thousands of listeners/day 2,885 2,901 2,955 2,920 2,930 Best data of the last decade 2,126 2,142 2,081 2,124 1,977 815 727 732 710 704 93 93 99 90 78 1ª24 2ª24 3ª24 1ª25 2ª25 Source: EGM Surveys Monday to Friday (,000) moving average 9 FUENTE: ESTIMACIÓN INTERNA
Slide 10: Corporate Operations in H1 25
ATRESMEDIA: CORPORATE OPERATIONS IN H1 25 LEADING EVENT ORGANISER COMPANY IN SPAIN (PARTICULARLY SPORTING EVENTS) ACQUISITION OF 75% OF THE COMPANY: 17 M€ (EV: 7x EBITDA 25e) COMPLEMENTARY WITH ATRESMEDIA EVENTS BUSINESS DIVISION DIGITAL NEWS AGENCY ACQUISITION OF 15% OF PLAY’N SABADO STAKE INCREASE
Slide 11: Results H1 25
ATRESMEDIA RESULTS H1 25 En mill € H1 24 H1 25 var NET REVENUES 523.2 506.6 -3.2% OPEX 421.1 421.6 +0.1% EBITDA 102.1 85.0 -16.7% Mg EBITDA 19.5% 16.8% EBIT 93.6 76.3 -18.5% Mg EBIT 17.9% 15.1% NET PROFIT 69.1 63.8 -7.6% Mg Net Profit 13.2% 12.6% Source: Atresmedia`s financial statements 11 11
Slide 12: Revenue, Opex & EBITDA by Segment
REVENUE, OPEX & EBITDA BY SEGMENT In € mill REVENUE 523 -3.2% 507 487 -3.8% 469 EBITDA 102 -16.7% 85 94 -18.5% 76 41 +4,7% 43 OPEX +0.1% 421 422 -0.3% 8.5 8.7 394 393 +2.3% 32 34 +5.3% H1 24 H1 25 H1 24 H1 25 H1 24 H1 25 TOTAL GROUP AUDIOVISUAL RADIO Source: Atresmedia`s financial statements 12
Slide 13: Total Revenue Evolution by Segment
ATRESMEDIA: TOTAL REVENUE EVOLUTION BY SEGMENT In € mill. 523 +2.5 +0.2 +1.9 507 -21.2 -16.6 H1 24 Total Rev Audiovisual Content Others +Elimin. Radio H1 25 Total Rev content NAR Source: Atresmedia`s financial statements 13
Slide 14: Audiovisual: Revenues & Opex Breakdown
AUDIOVISUAL: REVENUES & OPEX BREACKDOWN En mill € 487 -3.8% 469 26 Others +0.2% 394 -0.3% 393 26 49 Content Variables 52 77 69 +5.1% -10.4% 60 Overheads 64 +6.3% Audiovisual 83 78 Personnel 413 Content NAR 391 +7.5% -5.1% 179 176 Programming -1.6% H1 24 H1 25 H1 24 H1 25 AUDIOVISUAL REVENUES AUDIOVI
Slide 15: Radio Revenues
ATRESMEDIA RADIO REVENUES Atresmedia Radio 42.9M€ +4.7 % vs H1 24 EFM-MFM; 17% Local National 41% Conventional; 59% 83% SALES BY FORMAT SALES BY MARKET Fuente: Estados financieros Atresmedia 15 15
Slide 16: Cash Flow
ATRESMEDIA CASH FLOW In € mill. +52 +140 -21 +65 -106 FY24 Net Operating CF Investing CF Dividends & H1 25 Net Financial Others Financial Position Position Source: Atresmedia`s financial statements 16
Slide 17: Back up
Back up
Slide 18: Q2 Results
ATRESMEDIA Q2 25 RESULTS In € million Q2 24 Q2 25 var NET REVENUES 278.1 263.4 -5.3% OPEX 226.1 221.5 -2.0% EBITDA 52.0 41.9 -19.4% EBITDA Mg 18.7% 15.9% EBIT 47.7 37.6 -21.0% EBIT Mg 17.1% 14.3% Source: Atresmedia`s financial statements 18
Slide 19: Audiovisual Q2 Results
AUDIOVISUAL Q2 25 RESULTS In € million Q2 24 Q2 25 var NET REVENUES 258.0 242.4 -6.0% OPEX 212.2 206.4 -2.7% EBITDA 45.8 36.0 -21.5% EBITDA Mg 17.8% 14.9% EBIT 42.1 32.4 -23.1% EBIT Mg 16.3% 13.3% Source: Atresmedia’s Financial Statements 19
Slide 20: Radio Q2 Results
ATRESMEDIA RADIO Q2 25 RESULTS In € million Q2 24 Q2 25 var NET REVENUES 22.4 23.4 +4.3% OPEX 16.2 17.4 +7.3% EBITDA 6.2 5.9 -3.8% EBITDA Mg 27.6% 27.6% EBIT 5.6 5.3 -5.3% EBIT Mg 24.9% 22.6% Source: Atresmedia`s financial statements 20 20
Slide 21: Atresmedia Financial Results H1 25
ATRESMEDIA FINANCIAL RESULTS H1 25 23.07.2025 We believe in the power of reflection and emotion 21