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Spanish free-to-air broadcaster operating Antena 3 and La Sexta TV channels plus radio and streaming (Atresplayer).
Spanish free-to-air broadcaster operating Antena 3 and La Sexta TV channels plus radio and streaming (Atresplayer).
Earns mainly from advertising sold around its channels, where audience share sets the price, with radio, streaming and content production adding smaller lines. It competes mainly with Mediaset España for Spain's TV advertising, and publishing group Planeta is its largest shareholder.
In one line: Spain's Fox/ViacomCBS-style free-to-air broadcaster.
Moat: narrow (scale, brand, distribution). National broadcast licence and top audience share, but ad revenue competes with digital platforms.
Headquarters: Madrid, Spain · Founded: 1989 · Employees: 2,647
Size Atresmedia Corporacion de Medios de Comunicacion (A3M.MC) is a Spain Communication Services company (Broadcasting) with a market value of $1.52B, the 60th largest of 97 Spain companies the cockpit tracks. Shares closed at €6.00 on 6 Nov 2026.
Performance Over six months the shares gained 16.3%, against -5.1% for the median peer and +8.2% for the Spain market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 0.5% over the last twelve months (peer median +0.3%); the operating margin is 8.0% (peer median 8.3%).
Valuation It trades at 14.1× forward earnings against a peer median of 13.6× (9th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.8 points below its cost of capital (8.1% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €903M | €894M | €919M | €886M | €867M |
| Revenue growth | — | -3% | +4% | +2% | — |
| Gross profit | €197M | €139M | €235M | €240M | €246M |
| EBITDA | €89.8M | €87.7M | €178M | €87.8M | €89.3M |
| Net income | €54.7M | €62.1M | €120M | €171M | €113M |
| Free cash flow | €122M | €89.7M | €166M | €134M | €99.3M |
| Capital expenditure | €31.5M | €36.9M | €21.0M | €29.8M | €20.0M |
| Total debt | n/a | €202M | €176M | €188M | €322M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Atresmedia Corporacion de Medios de Comunicacion A3M.MC | $1.52B | +16% | +1% | 8% | 14.1× | 6.9% |
| Netflix NFLX | $260B | -28% | +15% | 32% | 17.7× | 15.0% |
| Telefonica TEF.MC | $21.4B | -16% | -11% | 5% | 10.8× | 11.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | A3M.MC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.5% | +3.4% | 8th highest of 21 |
| 6-month return | +16.3% | -5.1% | 2nd highest of 21 |
| Distance from 52-week high | -2.3% | -32.2% | highest of 21 |
| Revenue growth (TTM) | +0.5% | +0.3% | 11th highest of 21 |
| Operating margin | 8.0% | 8.3% | 10th lowest of 21 |
| Forward P/E | 14.1× | 13.6× | 9th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 6.9% | 1.2% | 6th most demanding of 17 |
| Growth delivered (Del g) | +2.3% | +3.9% | 8th lowest of 17 |
| Hurdle (Req g minus delivered) | +4.7 pp | -1.9 pp | 6th most demanding of 17 |
| ROIC minus cost of capital | -0.8 pp | -1.0 pp | 10th highest of 20 |
| EV / EBITDA | 14.3× | 7.8× | 2nd most expensive of 17 |
| Net debt / EBITDA | -0.7× | 0.6× | 8th least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Atresmedia Corporacion de Medios de Comunicacion A3M.MC | Spain | $1.52B | +16% | +1% | 8% | 14.1× | 6.9% | +2.3% |
| Television Francaise 1 TFI.PA | France | $1.53B | -6% | -3% | 8% | 14.7× | -7.5% | +2.0% |
| Hebei Broadcasting Wireless Media 301551.SZ | China | $1.58B | -4% | -1% | 35% | n/a | 20.7% | -0.8% |
| Metropole Television MMT.PA | France | $1.60B | -4% | -2% | 11% | 12.5× | -0.9% | -0.3% |
| Rai Way RWAY.MI | Italy | $1.27B | -28% | +3% | 44% | 12.9× | -10.3% | +4.8% |
| MFE-MediaForEurope MFEA.MI | Italy | $1.83B | -26% | +90% | 3% | 5.0× | 0.6% | +8.9% |
| TV Asahi 9409.T | Japan | $2.15B | +3% | +4% | 7% | 14.5× | -0.9% | +5.1% |
| Sinclair SBGI | United States | $989M | -4% | -6% | 6% | 230.3× | 10.9% | -11.8% |
| Newsmax NMAX | United States | $948M | +16% | +11% | -7% | n/a | n/a | n/a |
| Sun TV Network SUNTV.NS | India | $2.48B | +4% | -5% | 38% | 14.2× | 9.5% | +6.4% |
| Nine Entertainment NEC.AX | Australia | $895M | -15% | -18% | 9% | 8.2× | 7.4% | -1.3% |
| Entravision Communications EVC | United States | $830M | +26% | +71% | 8% | n/a | 13.5% | +5.4% |
| SKY Perfect JSAT 9412.T | Japan | $3.13B | -50% | +8% | 30% | 17.2× | 6.2% | -1.8% |
| CJ ENM 035760.KS | South Korea | $706M | -15% | -3% | 2% | 30.0× | -5.1% | +8.7% |
| Zee Entertainment Enterprises ZEEL.NS | India | $651M | -32% | +6% | -1% | 14.3× | 1.8% | +0.9% |
| Fuji Media 4676.T | Japan | $3.62B | +2% | +9% | 3% | 12.1× | n/a | n/a |
| TV Tokyo 9413.T | Japan | $582M | -15% | +2% | 6% | 12.7× | -18.7% | +3.5% |
| Gray Media GTN | United States | $520M | +11% | -11% | 14% | 2.7× | 2.2% | +5.4% |
| NRJ NRG.PA | France | $509M | -18% | -12% | 8% | 16.0× | n/a | n/a |
| Nippon Television 9404.T | Japan | $4.57B | -3% | +3% | 13% | 12.9× | -7.5% | +4.4% |
| Network18 Media & Invest NETWORK18.NS | India | $438M | -23% | -23% | -3% | n/a | n/a | n/a |