Q4 2024 Atresmedia Corporacion de Medios de Comunicacion SA Earnings Call Transcript
Key Points
- Atresmedia Corporacion de Medios de Comunicacion SA (AIOSF) led the audience ratings for the third consecutive year with a total audience share of 26.4%, marking the largest gap versus competitors.
- The company's digital platform, Atresplayer, saw a 7% increase in video hours consumed, reaching 20 million by the end of 2024.
- Total revenue for the group increased by 4.8% to EUR1.018 billion, the best performance since 2019.
- The content production and distribution division experienced a significant growth of 21.5%, driven by higher box office and increased sales to third parties.
- The company distributed EUR101 million in dividends in 2024, with a total shareholder return exceeding 30% for the year.
- The advertising market showed a slight decrease in January 2025, with a 2.4% drop compared to the previous year.
- February 2025 performance was weaker than expected, particularly due to poor results in the automobile sector.
- Despite strong digital growth, the podcast segment has not yet become a significant revenue source.
- The company's operational expenses increased by 5.3%, impacting overall profitability.
- The market outlook for 2025 remains uncertain due to economic and geopolitical factors, with only a low single-digit revenue growth expected.
Hi. Good morning, everyone. Thank you for attending this conference call in which we are presenting the financial results for full year 2024. As usual, we will be highlighting the main issues in the year, and we will also go into the strategic overview for the strategic plan in (technical difficulty)
The speakers will be, as usual, Silvio González, Vice President, Atresmedia; and Fernando Costi, CFO.
And without further delay, I hand over to Silvio for explain on the (technical difficulty)
Thank you, David. Hello. Good morning to the rest of the group attending the meeting. As you see, my voice a little bit damaged by cough, but I try to go up to the end.
Well, I mean, we have -- just to highlight, this is an outstanding year. I think 2024 has been a very good year for Atresmedia as a group. And let's go through the year and the different items of our business.
In terms of audience,
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