Saudi broadcaster MBC delivers 115% surge in Q1-2024 gross profit

Saudi broadcaster MBC delivers 115% surge in Q1-2024 gross profit



Dubai: After a blockbuster IPO late last year, the Saudi broadcasting giant MBC Group shows up with upbeat Q1-2024 numbers, with revenues off to a 36 per cent rise to SR1.23 billion. It was SR909 million a year ago.

This was brought about by a 'healthy recovery' in TV advertising, subscriber growth during Ramadan, and the 'inclusion of an additional 10 days of Ramadan accounted for in Q1-2024 compared with Q1- 2023'.

Saudi broadcaster MBC delivers 115% surge in Q1-2024 gross profit

Check the history on the topic
saudi,arabia,issues,early,saudi arabia

Saudi Arabia issues $17bn Islamic bonds after early…

uae,stocks,green,cloudfront,app

UAE stocks end in green Thursday

qatar,economic,financial,cooperation,gulf

Qatar chairs 121st meeting of GCC Financial, Economic…

egypt,today,chasing,learn,wrong

Lessons You Learn When You Stop Chasing the…

capital,governor,souq,cultural,identity

Capital governor urges protection of Souq Mubarakiya’s cultural…

china,report,aramco,round,unit

Aramco Ventures unit invests in $400mln funding round…

saudi,chinese,iraqi,regional,developments

Saudi FM Discusses Regional, Int’l Developments with Chinese,…

saudi,arabia,aramco,saudi arabia,sale

Saudi Arabia sets up new Aramco share sale…

saudi,group,aramco,pipe,maker

Saudi Aramco awards $49.6mln deal to pipe maker…

saudi,fund,chinese,generative,zhipu

Saudi fund backs prominent Chinese generative AI start-up…

Read More Financial Markets...