Media companies

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    Atresmedia

    Atresmedia closed 2025 in a position of paradox. By audience and market share measures, it was a year of sustained leadership: a fourth consecutive year as Spain’s most-watched television group, record audience levels for Onda Cero radio, record streaming subscribers, and a total shareholder return of 26%. By the conventional financial measures that headline any…

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    Ekspress Grupp

    Ekspress Grupp had a steady 2025 by its own modest standards: revenue grew, digital subscriptions rose, and the company remained profitable. But the headline numbers mask a year of significant structural moves: a forced sale of a news portal, a leadership transition at the top, and an increasing reliance on non-journalism revenue streams to sustain…

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    The New York Times Company

    The New York Times had an exceptional 2025 by almost any measure. Total revenues reached $2.82 billion, up 9.2% on 2024, and operating profit jumped 22.9% to $431.6 million. The company ended the year with 12.78 million total subscribers, more than at any point in its 175-year history, after adding 1.4 million net new digital…

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    Agora Group 

    Agora had a better 2025 than it has had in several years, though the improvement came with a cost. Group revenue reached PLN 1.61 billion (approximately €379 million), up 8.5% on 2024, and operating profit rose to PLN 89.7 million (€21.1 million) from PLN 82.1 million (€19.4 million) the year before. Net profit attributable to…

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    Alma Media

    Alma Media had a good year in 2025, even if it was not quite a great one. Revenue reached €327.1 million, up 4.6% on 2024, and the company’s preferred measure of profitability, adjusted operating profit, grew by 6.8% to €82.1 million, representing 25.1% of revenue. Earnings per share rose by 5.9% to €0.67, and the…

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    Televisa

    Grupo Televisa posted its second consecutive year of net losses in 2025, with a net loss attributable to stockholders of 8.8 billion Mexican pesos (approximately US$440m), against 8.3 billion pesos in 2024. Total revenues fell 5.4% to 58.9 billion pesos, driven almost entirely by the accelerating collapse of its satellite pay-television business. Yet the operational…

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    Vocento

    After three consecutive years of losses and a bruising write-down cycle, Vocento returned to net profit in 2025 with a result attributable to the parent of €6.7m, compared to a restated net loss of €98.9m in 2024, a figure heavily distorted by goodwill impairments and restructuring charges. Revenue reached €337.4m, a modest 1.1% increase on…

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    Grupo Clarín

    Note on figures: All financials are reported in Argentine pesos under NIC 29 (hyperinflationary economy accounting), inflation-adjusted to December 2025 values. Argentina’s annual inflation rate was 31.5% in 2025, down from 117.8% in 2024. Year-on-year comparisons must be read with caution. After two consecutive years of losses, Grupo Clarín returned to profitability in 2025 with…

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    Lagardère

    Financial Performance in 2025 Lagardère posted its strongest financial results in years in 2025. Group revenue reached €9.35 billion, up 4.6% on a reported basis and 3.8% on a like-for-like basis, stripping out currency effects and acquisitions. Recurring EBIT, the group’s headline profit measure, hit a record €641 million, an 8.1% increase year-on-year. Profit attributable…