Southern Europe

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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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    PRISA

    Spanish media and education group PRISA closed 2025 with broadly stable revenues but declining profitability, reflecting currency pressures, restructuring costs and the continued structural challenges facing the media sector. Group operating revenues reached €904 million in 2025, down slightly from €920 million in 2024 (–2%). Adjusted for exchange-rate effects, however, revenues actually increased by about 3%, highlighting the strong…