The operator, which has suffered the impact of Covid on its income, has billed 546.6 million in this period, a decline of 17.3%.

The operator, which has suffered the impact of Covid on its income, has billed 546.6 million in this period, a decline of 17.3%.

The operator, which has suffered the impact of Covid on its income, has billed 546.6 million in this period, a decline of 17.3%.

Mediaset headquarters in Madrid, in a file image.

Mediaset Spain registered a net profit of 103.2 million euros during the first nine months of 2020, 34.2% less than in the same period of the previous year, as reported by the company on Wednesday to the CNMV.

The operator, who has felt the impact of the covid In its income from advertising, it has billed 546.6 million euros, a decline of 17.3%. Gross income from advertising stood at 488.3 million euros, of which 478.9 million corresponded to the exploitation of own media.

Net income from advertising was 470.2 million euros, a 23.7% drop. This figure also highlights the 72.8% increase in other income to 76.4 million, compared to the 44.2 million achieved in the same period of 2019.

This item records the sale of content to third parties of the distributor Mediterranean Mediaset Spain Groupwhich has contributed 33.5 million, 280.9% more than the figure registered between January and September 2019, which was 8.9 million.

Debt evolution

It also includes revenue in the digital area generated by the payment platform Mitele PLUS; and those received by the cinematographic productions of Telecinco Cinemawhich this year has only released the film ‘Adú’ due to the influence of Covid-19 and the decision to postpone the premieres on the big screen.

In the same way, they have managed to reduce their total costs by 13.2% to 396.6 million, obtaining a EBITDA of 150 million and an Ebit of 132.9 million, with a margin on total income of 24.3%.

Mediaset Spain Between January and September, it has generated cash generation that has allowed it to close the period with a positive net financial position of 25.1 million, compared to 30.2 million in debt at the end of 2019, despite the acquisition of 4.25% of the capital of ProSieben Sat1. Until September, the company has generated an operating free cash flow of 119.8 million.

During the third quarter, Mediaset España earned 33.2 million, 12.3% more. In this quarterly period, it has obtained a net turnover of 171.5 million, of which 156.2 million correspond to net income from advertising and 15.3 million to ‘Other income’, an item that has increased again, on this occasion , 8.2% compared to the same period last year.

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