Atresmedia, the audiovisual and radio group, reported to the CNMV a 2022 net profit of 112.9 million euros, reflecting a year that was solid but slightly softer than 2021, when profits topped 118 million euros. The company faced tighter margins in the year, influenced by competitive dynamics across its broadcasting portfolio and the broader media environment. Despite the dip in net profit, the group demonstrated resilience through disciplined cost management and an ongoing push to monetize its content across multiple platforms, balancing traditional TV and radio strengths with streaming and digital initiatives. This result sits within a broader strategy to optimize capital allocation while pursuing growth opportunities in both core and emerging channels. [ATRESMEDIA FINANCIAL OVERVIEW 2022]
Concerning operating profitability, the gross operating result, or EBITDA, reached 172.8 million euros for the year. The ongoing focus on efficiency helped keep the net operating result, EBIT, relatively flat, rising 0.5 percent to 155.3 million euros, a subtle improvement over 2021. The margins reflect ongoing investments in programming, production capabilities, and audience development across markets, alongside cost discipline that supports free cash flow generation. These dynamics illustrate the group’s capacity to translate revenue streams into sustainable operating profitability while navigating a competitive environment that includes evolving audience preferences and advertising demand. [ATRESMEDIA EBITDA & EBIT REVIEW 2022]
In terms of top-line performance, Atresmedia reported total net income of 950.8 million euros for the period. Revenue from the radio business advanced by 6.9 percent to 75.6 million euros, though this segment experienced a slight decline from the prior year, reflecting shifts in listener habits and monetization mix. The audiovisual segment saw a modest revenue decrease, totaling 884.2 million euros, as the group continued to recalibrate its portfolio and leverage its flagship channels, premium content, and advertising partnerships. The overall revenue mix highlights the importance of cross-platform strategy in sustaining growth and maximizing audience engagement. [ATRESMEDIA REVENUE STRUCTURE 2022]
The group ended the year with a higher net financial debt position, moving from 13.3 million euros at the close of 2021 to 23.7 million euros by the end of 2022. This increase in leverage appears aligned with strategy investments in content production, distribution capabilities, and potential acquisitions or collaborations designed to strengthen market position. The debt evolution underscores the balance management team seeks between financing needs and the pursuit of growth opportunities, aiming to support revenue diversification and long-term shareholder value. The debt level was accompanied by a solid recovery in revenue streams and improved operating cash flow, reflecting a measured approach to balance sheet optimization. [ATRESMEDIA DEBT PROFILE 2022]