MFE-MediaForEurope Posts Mixed H1 Results, Boosts European Expansion
MFE-MediaForEurope, the pan-European media groupme, has reported a mixed bag of results for the first half of 2025. While consolidated net revenues dipped slightly, net profit surged by 24%. The group also announced a significant step in its European expansion test.
Consolidated net revenues for MFE-MediaForEurope decreased by 2.7% to €1.44 billion in H1 2025. However, the group's net profit grew robustly by 24% to €130.2 million year-on-year. Excluding the impact of its ProSiebenSat.1 investment, adjusted net profit stood at €80.7 million.
In terms of regional performance, Italy showed strength with a 2.6% increase in gross advertising revenue to €1.06 billion. Conversely, Spain witnessed a 7.9% decrease to €363 million. The group anticipates substantial growth in Italian advertising sales for the upcoming months.
MFE-MediaForEurope's strategy to build a Europe-wide advertising-financed TV platform took a significant step forward. From October 1, 2025, the group will fully consolidate the results of the German group ProSiebenSat.1. MFE now holds 75.67% of economic interests and voting rights in ProSiebenSat.1.
Despite the revenue dip, EBIT declined by 22.5% to €105.6 million. Net financial debt also dropped to €620 million, and free cash flow grew by 13.9% to €254.4 million in H1 2025.
MFE-MediaForEurope's first half of 2025 saw a dip in revenues but a surge in net profit. The group's strategic acquisition of ProSiebenSat.1, set to fully consolidate from October 2025, signals its commitment to building a pan-European advertising-financed TV platform. Despite challenges, the group's free cash flow and net financial debt indicate a strong financial position.
