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Prisa revenues fall but profits rise

Spanish media group Prisa has posted a net profit of €60.88m for the first half of this year, up 123.6% year-on-year.

However. Prisa posted half-year revenues of €1.577bn, down 6% from €1.678bn, which the company said was down to changes in the way it marketed its premium football offer. EBITDA stood at €249.9m, up 7.4% year-on-year.

Audiovisual services accounted for €860.13m, or 54.5% of Prisa’s overall revenues for the period, while EBITDA from audiovisual stood at €139.66m. Digital Plus had 1.785 million subscribers at the end of the period, with ARPU standing at €42.20, up 1.6%.

Free-to-air channel Cuatro ended June with an average audience share of 8.6%, boosted by its World Cup coverage. Cuatro’s advertising revenue grew by 11.2%, contributing to Prisa’s overall ad growth of 9.8% to €494.29m.