Grupo Antena 3 reported net first-quarter profits of 15.9 million EUR – so profits have nearly doubled year-on-year (Q1/2009: 8.1 million EUR). The group’s net revenue for the first three months of the year came to 192.9 million EUR – a 10.3 per cent improvement over the 174.9 million EUR generated in the first quarter of 2009. First-quarter EBITDA also increased by ten per cent, amounting to 25 million EUR after 22.8 million in Q1/2009.
The results were owed primarily to a recovery of the TV advertising market. Antena 3 TV’s first-quarter ad sales rose by a solid 20 percent to EUR 167.9 million, which translates to 29.4 percent of the total advertising market, or four percentage points more than last year. This improvement is attributed in part to the fact that the Spanish public broadcaster "TVE" dropped advertising from its program. Total net profit for Grupo Antena 3’s television operations surged by 80.4 per cent year-on-year, from 7.8 million EUR in Q1/2009 to 14 million EUR for the first quarter of 2010.
29 April 2010 - Grupo Antena 3, Spain