1
2 3 . 0 7 . 2 0 2 6
FINANCIAL RESULTS 1 H 26
2026 HIGHLIGHTS
1H26: AN OUTSTANDING SEMESTER
AUDIENCE LEADERSHIP IN A VOLATILE ADVERTISING MARKET
RISING INCOME DESPITE THE DIFFICULT ENVIRONMENT
EXCELLENT CASH CONVERSION
TV DIGITAL
25.4% Total individuals
21.2 Mill Unique visitors
TOTAL REVENUE
520 M€ (+2.6%)
NET CASH POSITION
70 M€
RADIO 3.2 Mill
Listeners/day
AUDIOVISUAL +2.7%
OPERATING CASH FLOW/EBITDA
0.9x
TOTAL AD
+3.9%
RADIO +1.8%
EBITDA
DIVIDENDS PAID IN 2026
MARKET
TV +0.9%
87 M€ (+2.5%)
47.3 M€ (0.21 €/share)
RADIO
+3.0%
NET PROFIT
56 M€
ADVERTISING MARKET IN SPAIN
TOTAL MEDIA
+ 3 . 9 % V S J A N - J U N 2 5
AUDIOVISUAL* RADIO*
SEARCH
SOCIAL NETWORKS
WEBSITES
PRESS*
OUTDOOR*
CINEMA
V s 1 H 2 6
+0.9% +3.0%
+2.7%
+11.5%
+4.2%
+0.8% +5.2%
+4.2%
Source: Internal estimates. (The data for each media includes conventional and digital revenues)
ATRESMEDIA AUDIOVISUAL: TV AUDIENCE BY GROUPS
En %
AUDIENCE SHARE TOTAL DAY
No. Channels
27.2
26.8
26.4
26.1
25.4
26.2
25.6
24.9
24.4
23.0
6
7
AUDIENCE SHARE PRIME TIME
27.5 27.0
25.9 25.7 25.3
24.5 24.6 24.2 23.2
14.7
15.3 15.3 16.6
18.5
5
21.9
17.0
17.4
18.1
15.1
15.2
2022 2023 2024 2025 1H26
2022 2023 2024 2025 1H26
Source: Fifty5Blue Media. Total Individuals 4+ 24h Source: Fifty5Blue. Total Individuals 4+. PT
ATRESMEDIA AUDIOVISUAL: MAIN MILESTONES
1H26:ABSOLUTE LEADER IN SPAIN
ATRESMEDIA
25.4%
9 CONSECUTIVE SEMESTERS AS A TOTAL AUDIENCE LEADER AND 12 IN PRIME TIME
ATRESMEDIA (6 CHANNELS): GROUP WITH THE MOST TV CONTACTS (16.1 MM DAILY VIEWERS)
BIGGEST HISTORICAL DIFFERENCE WITH MEDIASET
ANTENA 3: (12.7%)
LEADING CHANNEL IN SPAIN SINCE 2022
THE BEST IN NEWS, FICTION AND ENTERTAINMENT
LA SEXTA: (6.0%)
NARROWING THE GAP WITH TELECINCO
NEOX, NOVA, MEGA & ATRESERIES: (6.7%)
NOVA: THE MOST WATCHED SERIES ON THEMATIC CHANNELS
MEGA: THE LEADING MEN'S CHANNEL, LEADER IN ITS TIME SLOT
ATRESMEDIA AUDIOVISUAL: MAIN MILESTONES
ANTENA 3: "MAKING HISTORY"
SEASON'S REVIEW SEP 25-JUN 26
Most watched channel 74% of the days
Most watched broadcast of the day: 89% of the days
88% of the 500 most viewed broadcasts
88% of Golden Minutes
S
ATRESMEDIA DIGITAL: OPERATIONAL INDICATOR
10 YEARS AS A LEADING DIGITAL GROUP IN NUMBER OF USERS
AVOD
2.5 Mill.
AVERAGE 2026 (June 26 )
MONTHLY UNIQUE VISITORS
>18 Mill.
REGISTERED USERS
SVOD
>760K
SUBSCRIBERS
22 Mill.
VIDEO HOURS CONSUMED
JUN 26
ATRESMEDIA WEBS
#1 Audiovisual group
(#10 total)
RANKING MOST VISITED SITES
21.2 Mill.
AVERAGE ( JAN- JUNE 26)
MONTHLY UNIQUE VISITORS
OTHERS
INFLUENCER MARKETING
DIGITAL ADVERTISING AGENCY
STRATEGIC AGREEMENT WITH DISNEY+ Y VIX
Source: Comscore Data June 2026 8
ATRESMEDIA AUDIOVISUAL: CONTENT PRODUCTION AND DISTRIBUTION
SVOD
CONTENT SALES
>760K SUBSCRIBERS HISTORICAL RECORD
+18% YOY REVENUES
STRATEGIC AGREEMENT
WITH DISNEY+ AND VIX IN PROGRESS
AGREEMENTS WITH THE MAIN OPERATORS
ATRESMEDIA CINE
INTERNACIONAL
7 FILMS RELEASED IN THE SEMESTER
61% OF THE SPANISH FILM BOX OFFICE
59 MILL. HOUSEHOLDS
(+11.0% YOY)
ATRESMEDIA: EVENTS
LEADING COMPANY INT THE FIELD OF EXPERIENTIAL MARKETING
The integration of Last Lap and Atresmedia Eventos has multiplied the Group's ability to create more relevant experiences, generate content with a longer journey and wider audiences for brands
EVENTS: +500 JUNE: 11 events in 1 day PEOPLE DIRECTLY IMPACTED:+500K
RUNNING
MUSIC
MILESTONES 1H26
INFLUENCERS
MOTOR
#1 running player in Spain
RACES: 15
PARTICIPANTS: +100K
The perfect territory for brands
+25
FESTIVALS
When influence leaves the screen
EVENTS: 5
+15M FOLLOWERS
Pressing the accelerator
20
EVENTS
ATRESMEDIA: OTHER BUSINESSES
TRAVEL AGENCY WITH A SURPRISE DESTINATION
Revenue increase 1H26
+21%THE ALTERNATIVE TO FUNERAL INSURANCE
Revenue increase 1H26
+63%TICKETING AND ENTERTAINMENT COMPANY
Valuation update as of 30/06/26 Current stake 5%
Updated book value: 197 M€ (+54% vs previous valuation)
ON
ATRESMEDIA RADIO: LISTENERS EVOLUTI
Thousands of listeners/day
BEST FIGURE SINCE 2021
2.920 2.930
2.996 3.171 3.191
2.126 2.142 2.188 2.311 2.306
MAS DE UNO
with Carlos Alsina
>1.7 Mill. Listeners/day
+6.7% compared to the 2nd wave of 2025
BEST FIGURE SINCE 2015
704 710 741 799 822
90 78 67 61 63
1ª25 2ª25 3ª25 1ª26 2ª26
THE MOST PROFITABLE SPANISH RADIO PER LISTENER
Source: EGM Wave Mon-Friday (,000) moving average 12
ATRESMEDIA RESULTS 1H26
In mill € | 1H26 | 1H25 | var | |
NET REVENUES | 520.0 | 506.6 | +2.6% | |
OPEX | 432.9 | 421.6 | +2.7% | |
EBITDA | 87.1 | 85.0 | +2.5% | |
Ebitda Margin | 16.8% | 16.8% | ||
EBIT | 78.4 | 76.3 | +2.7% | |
Ebit Margin | 15.1% | 15.1% | ||
NET PROFIT* | 56.4 | 63.8 | -11.6% | |
Net Profit Margin | 10.8% | 12.6% | ||
Source: Atresmedia Financial Statements*
ds
(*) Reflects the impact of the accrual of late-payment interest associated with the favorable ruling by the Spanish National Court (Audiencia Nacional) regarding Corporate Income Tax for fiscal years 2016-2020, related to the application and offsetting of the Group's tax loss carryforwar (June 2026: +€0.7 million; June 2025: +€8.7 million, before taxes)
REVENUE BY SEGMENT
In € mill
+13 M€ (+2.6%)
520
507
+12 M€ (+2.7%)
AUDIOV. ADV
CONTENT PROD & DISTR
OTHERS +
PERIMETER
-5 M€
+1 M€
+16 M€
481
469
REVENUES
+1 M€ (+1,8%)
44
43
1H25
1H26
1H25
1H26
1H25
1H26
TOTAL GROUP
AUDIOVISUAL RADIO
Source: Atresmedia Financial Statements. Not including eliminations
OPEX BY SEGMENT
In € mill
OPEX
422
433
+2.7%
393
+2.8%
404
34 +0.3% 34
1H25
1H26
1H25
1H26
1H25
1H26
TOTAL GROUP AUDIOVISUAL RADIO
EBITDA BY SEGMENT
In € mill
85
+2.5%
87
+1.8%
76
78
EBITDA
8.7
+7.9%
9.4
1H25
1H26
1H25
1H26
1H25
1H26
TOTAL GRUPO AUDIOVISUAL RADIO
ATRESMEDIA CASH FLOW
In € mill
+80
-18
+58
-47
-3
+70
FY25 Net
Financial Position
Operating CF
Investing CF Dividends Others 1H26 Net
Financial Position
OTHER HIGHLIGHTS OF THE PERIOD
AGREEMENT FOR THE ACQUISITION OF 100% OF CLEAR CHANNEL SPAIN FOR €115 MILLION
STRATEGIC OUTDOOR ADVERTISING DEAL THROUGH ONE OF THE SECTOR'S LEADING GROWTH OPERATORS
Forecast 26e: Revenue: 90-100M€
EBITDA margin: 18%
Outdoor Advertising Market
+7% In 2025*
+5% In 1H26*
>+5% in the next 5 years globally** Digitalization as main growth driver
Operation approved on 20 July 2026
CNMC APPROVAL PROCESS (1ST PHASE)
Commercial and procedural commitments proposed by Atresmedia, aligned with the company's usual business practices
Source: Atresmedia's annual accounts
* According to Infoadex for 2025. Internal estimates for 1S26
** According to GS Report of 8/07/26: Outdoor Advertising
FORECAST 2026
ATRESMEDIA_FORECAST 2026e
SPANI
Audiovisual: Radio: Low-Outdoor: Mid
SH ADVERTISING MARKET
ATRESMEDIA
TOTAL REVENUE EBITDA MARGIN
Flat or slight growth single digit growth
-single digit growth
Stable at constant perimeter
+ Incremental Last Lap full year impact
+ Clear Channel from the moment of integration
15%
NET FINANCIAL POSITION
+90 M€
(includes pending collection AEAT)
-25 M€
(with Clear Channel operation)
2026 INTERIM DIVIDEND
TO BE DECIDED BY THE END OF 2026