The communication group Atresmedia has announced its annual accounts and has reached net revenues of 1,002.2 million euros in 2025, driven by its leadership in television audiences and a revenue diversification strategy that has compensated for the weakness of the traditional advertising market.
Total net revenues only decreased by 1.5% compared to 2024, thanks to the contribution of other areas such as content production and distribution, the growth of radio, and new businesses have helped keep the figure above the billion-euro mark.
In terms of profitability, Atresmedia closed the year with a Gross Operating Result (EBITDA) of 87.7 million euros, although this figure includes the impact of a provision of 45.6 million from the voluntary incentivized redundancy plan implemented at the end of 2025. According to the company itself, without this extraordinary impact, EBITDA would have reached 133.3 million euros, while the proforma net profit would be 96.3 million euros.
Additionally, the company has also indicated that its net financial position as of December 31, 2025 is positive, reaching 58.1 million euros, and that it has renewed its financing lines to strengthen its flexibility and growth capacity.
Audience and audiovisual leadership
The 2025 fiscal year reaffirms Atresmedia as leader in television audiences for the fourth consecutive year, highlighting the dominance of Antena 3 as the most watched channel in Spain, with a share of 12.8 %, and a historic advantage over its direct competitor. The group also led in prime time and was the operator through which the most unique viewers passed daily, with figures that consolidate its position in linear and digital television.
Regarding content, both news programs —with A3 Noticias at the forefront— as well as entertainment (Hormiguero, Pasapalabra) and fiction achieved outstanding figures, with formats such as Sueños de libertad among the most watched of the season, and various original productions promoted by Atresplayer Premium: with the premiere of series such as Las hijas de la criada, Los protegidos, un nuevo poder or FoQ, la nueva generación, ends the year with almost 750,000 subscribers, representing a 10% growth compared to 2024.
Diversification in growth
The other income —coming mainly from events, licenses, editorial rights, and sales from the travel platform Waynabox— reached 78.3 million euros, a 61.8% more than the 48.4 million of 2024.
The jump is explained, above all, by the incorporation of the company Last Lap within the Group's events area, strengthening a business line with growing weight in the overall revenue and less dependence on the traditional advertising market.
The area of radio also contributed positive growth by consolidating 4% increase in net income: 85.7 million euros, compared to the 82.5 million euros achieved in the previous year.
ASG: climate leadership, trust and inclusion
Atresmedia in relation to sustainability obtained an A- rating in CDP and once again became part of Europe’s Climate Leaders. It has reduced its scope 1 and 2 emissions by 80.9% compared to the base year and now consumes 96.23% renewable electricity. In addition, it has updated its physical climate risk analysis (SPP scenarios) and has for the first time carried out a transition analysis (NFGS scenarios).
In the social sphere, the Digital News Report 2025 of the Reuters Institute and the University of Oxford places Antena 3 as the channel with the highest trust index (50%) and laSexta as the second most trusted private.
The Group has freely issued 33 campaigns for 30 NGOs and has promoted initiatives such as Ponle Freno (more than 440,000 euros raised in its race circuit), Constantes y Vitales, Tolerancia Cero, Hablando en Plata and Luz Verde.
In inclusion, more than 93% of television content was subtitled; 54 new scholarships from the Programa Becas Capaz were granted and adherence to the Carta de la Diversidad was renewed. The Fundación Atresmedia celebrated new editions of “Efecto MIL” and “Mentes AMI”, bringing together more than 8,000 teachers.
The Board updated the General Sustainability Policy in accordance with the CSRD and European regulations, and signed new sustainable financing conditions. In addition, the Group obtained 59/100 in the S&P Corporate Sustainability Assessment, which will allow it to appear in 2026 in the Sustainability Yearbook.
Perspectives for 2026
Looking ahead to 2026, Atresmedia anticipates a favorable macroeconomic environment despite the uncertainty, with what they consider should be a positive evolution of advertising investment, especially in audiovisual. It also estimates mid-single-digit growth in Radio and Outdoor. Revenues would remain stable on a constant perimeter basis, incorporating the contribution of Last Lap and, once authorized, the integration of Clear Channel España, a key operation to reinforce its presence in outdoor advertising.
The main objective is to sustain an EBITDA margin close to 15%, with an estimated debt of around 25 million euros after the planned corporate operations. In remuneration to the shareholder, the Board will propose a complementary dividend of 0.21 euros per share in June 2026.
Ultimately, Atresmedia faces 2026 as an audiovisual benchmark, focusing on profitability as the main objective, and betting on diversification and commitment hand in hand with sustainable growth.