Atresmedia Corporación de Medios de Comunicación (A3M) Q3 2025 earnings summary

Executive summary

• Net revenue reached EUR 696.5 million for the first nine months of 2025, down 2.3% year-over-year, supported by diversification beyond advertising.

• EBITDA was EUR 90.2 million, EBIT EUR 77.1 million, and net profit EUR 63.5 million, all declining year-over-year.

• Maintained leadership in TV audience and digital platforms, with Antena 3 as the most-watched channel and 22.5 million unique online visitors.

Financial highlights

• Net revenue fell 2.3% year-over-year to EUR 696.5 million.

• EBITDA dropped 22.2% to EUR 90.2 million; EBIT down 25.2% to EUR 77.1 million.

• Net profit decreased 18% to EUR 63.5 million.

• Net cash position at September 30, 2025, was EUR 70.5 million.

• Final dividend of EUR 0.47 per share paid in June, totaling EUR 105.8 million.

Outlook and guidance

• Expects to end 2025 with nearly EUR 50 million net cash after interim dividend payment.

• Spain's economic outlook revised upward to 2.6% GDP growth for 2025.

• Advertising spend expected to remain flat overall, with radio and outdoor growing and TV lagging.

• Focus remains on cost control and maintaining operating margins.