MBC Group earns SAR 221.1M in 9M; SAR 9.1M in Q3 2024

MBC Group Co. reported a net profit SAR 221.1 million for the first nine months of 2024, compared to SAR 52 million in the year-earlier period.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	2,649.05	2,956.70	11.6 %
Gross Income	622.99	891.41	43.1 %
Operating Income	(45.47)	123.81	372.3 %
Net Income	52.02	221.12	325.0 %
Average Shares	299.25	332.50	11.1 %
EPS (Riyals)	0.17	0.67	282.5 %

This was spurred by higher revenue from broadcast, commercial activities as well as Shahid platform. Gross profit margins rose to 30.1%, compared to 23.5% in the year-earlier period.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	649.34	757.08	16.6 %
Gross Income	174.73	192.48	10.2 %
Operating Income	(42.18)	(33.41)	20.8 %
Net Income	5.76	9.06	57.3 %
Average Shares	299.25	332.50	11.1 %
EPS (Riyals)	0.02	0.03	41.6 %

Item	Q2 2024	Q3 2024	Change‬
Revenues	963.87	757.08	(21.5 %)
Gross Income	354.02	192.48	(45.6 %)
Operating Income	92.90	(33.41)	(136.0 %)
Net Income	116.49	9.06	(92.2 %)
Average Shares	332.50	332.50	-
EPS (Riyals)	0.35	0.03	(92.2 %)

Q3 2024 net profit stood at SAR 9.1 million, compared to SAR 5.76 in the year-earlier period, on higher revenue and an increase in gross profit.

On a sequential basis, net earnings plunged 92.2% from SAR 116.49 million in Q2 2024.

Total shareholders’ equity (excluding minority interest) stood at SAR 3.99 billion by Sept. 30, 2024, compared to SAR 3 billion a year earlier.

Attached Document:

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Share Price

MBC Group Co. (MBC GROUP)

	Current
Market Cap (M Riyal)	15,511.13
Enterprise Value (EV) (M)	14,311.34
Shares Outstanding ((M))	332.50
EPS ( Riyal) (TTM)	0.78
Book Value (BV) ( Riyal)	12.01
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
P/E (TTM)	More than 100
Price/book	3.88
Return on Average Assets (%) (TTM)	-
Return on Average Equity (%) (TTM)	-

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	-	-	-	-	-	-
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	-	-	-	-	-	-
Q1 2020	-	-	-	-	-	-
Q2 2020	-	-	-	-	-	-
Q3 2020	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-
2020	2,317.58	-	455.58	-	(125.42)	-
Q1 2021	-	-	-	-	-	-
Q2 2021	-	-	-	-	-	-
Q3 2021	-	-	-	-	-	-
Q4 2021	-	-	-	-	-	-
2021	2,845.47	22.8 %	717.46	57.5 %	24.28	119.4 %
Q1 2022	-	-	-	-	-	-
Q2 2022	-	-	-	-	-	-
Q3 2022	-	-	-	-	-	-
Q4 2022	-	-	-	-	-	-
2022	3,488.73	22.6 %	641.14	(10.6 %)	(174.06)	(816.9 %)
Q1 2023	909.08	-	160.27	-	(49.84)	-
Q2 2023	1,090.64	-	288.00	-	46.55	-
Q3 2023	649.34	-	174.73	-	(42.18)	-
Q4 2023	1,054.85	-	298.27	-	(41.84)	-
2023	3,703.90	6.2 %	921.27	43.7 %	(87.31)	49.8 %
Q1 2024	1,235.75	35.9 %	344.91	115.2 %	64.31	229.0 %
Q2 2024	963.87	(11.6 %)	354.02	22.9 %	92.90	99.6 %
Q3 2024	757.08	16.6 %	192.48	10.2 %	(33.41)	20.8 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	-	-	-	-	-	-
2019	-	-	-	-	-	-
2020	2,317.58	-	455.58	-	(125.42)	-
2021	2,845.47	22.8 %	717.46	57.5 %	24.28	119.4 %
2022	3,488.73	22.6 %	641.14	(10.6 %)	(174.06)	(816.9 %)
2023	3,703.90	6.2 %	921.27	43.7 %	(87.31)	49.8 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	-	-	-	-	-	-
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	-	-	-	-	-	-
Q1 2020	-	-	-	-	-	-
Q2 2020	-	-	-	-	-	-
Q3 2020	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-
2020	(95.42)	-	(0.32)	-	(95.42)	(0.32)
Q1 2021	-	-	-	-	-	-
Q2 2021	-	-	-	-	-	-
Q3 2021	-	-	-	-	-	-
Q4 2021	-	-	-	-	-	-
2021	737.15	872.5 %	2.46	375.00	362.15	1.21
Q1 2022	-	-	-	-	-	-
Q2 2022	-	-	-	-	-	-
Q3 2022	-	-	-	-	-	-
Q4 2022	-	-	-	-	-	-
2022	34.97	(95.3 %)	0.12	187.50	(152.53)	(0.51)
Q1 2023	(22.91)	-	(0.08)	-	(22.91)	(0.08)
Q2 2023	69.18	-	0.23	39.38	29.80	0.10
Q3 2023	5.76	-	0.02	-	5.76	0.02
Q4 2023	13.26	-	0.04	15.00	(1.74)	(0.01)
2023	65.29	86.7 %	0.22	54.38	10.91	0.04
Q1 2024	121.28	629.3 %	0.36	10.35	110.93	0.33
Q2 2024	116.49	68.4 %	0.35	-	116.49	0.35
Q3 2024	9.06	57.3 %	0.03	-	9.06	0.03

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	-	-	-	-	-	-
2019	-	-	-	-	-	-
2020	(95.42)	-	(0.32)	-	(95.42)	(0.32)
2021	737.15	872.5 %	2.46	375.00	362.15	1.21
2022	34.97	(95.3 %)	0.12	187.50	(152.53)	(0.51)
2023	65.29	86.7 %	0.22	54.38	10.91	0.04

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
2019	-	-	-
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
2020	19.66 %	(2.18 %)	(4.12 %)
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
2021	25.21 %	3.63 %	12.73 %
Q1 2022	-	-	-
Q2 2022	-	-	-
Q3 2022	-	-	-
Q4 2022	-	-	-
2022	18.38 %	(2.85 %)	(4.37 %)
Q1 2023	-	-	-
Q2 2023	-	-	-
Q3 2023	-	-	-
Q4 2023	24.87 %	-	0.29 %
2023	24.87 %	-	0.29 %
Q1 2024	27.44 %	1.18 %	3.59 %
Q2 2024	30.02 %	2.95 %	5.93 %
Q3 2024	29.66 %	3.88 %	5.85 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	19.66 %	(2.18 %)	(4.12 %)
2021	25.21 %	3.63 %	12.73 %
2022	18.38 %	(2.85 %)	(4.37 %)
2023	24.87 %	-	0.29 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
Q1 2022	-	-	-
Q2 2022	-	-	-
Q3 2022	-	-	-
Q4 2022	-	-	-
Q1 2023	17.63 %	-	(2.52 %)
Q2 2023	26.41 %	-	2.73 %
Q3 2023	26.91 %	-	0.89 %
Q4 2023	28.28 %	-	(0.16 %)
Q1 2024	27.91 %	6.88 %	8.98 %
Q2 2024	36.73 %	11.85 %	12.09 %
Q3 2024	25.42 %	(0.24 %)	1.20 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	-	-	-	-
Q2 2015	-	-	-	-
Q3 2015	-	-	-	-
Q4 2015	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	-	-	-	-
Q1 2017	-	-	-	-
Q2 2017	-	-	-	-
Q3 2017	-	-	-	-
Q4 2017	-	-	-	-
Q1 2018	-	-	-	-
Q2 2018	-	-	-	-
Q3 2018	-	-	-	-
Q4 2018	-	-	-	-
Q1 2019	-	-	-	-
Q2 2019	-	-	-	-
Q3 2019	-	-	-	-
Q4 2019	-	-	-	-
Q1 2020	-	-	-	-
Q2 2020	-	-	-	-
Q3 2020	-	-	-	-
Q4 2020	-	-	-	-
Q1 2021	-	-	-	-
Q2 2021	-	-	-	-
Q3 2021	-	-	-	-
Q4 2021	-	-	-	-
Q1 2022	-	-	-	-
Q2 2022	-	-	-	-
Q3 2022	-	-	-	-
Q4 2022	-	-	-	-
Q1 2023	299.25	-	-	-
Q2 2023	299.25	-	-	10.00
Q3 2023	299.25	-	-	-
Q4 2023	299.25	0.22	0.04	12.63
Q1 2024	332.50	0.63	0.44	11.68
Q2 2024	332.50	0.77	0.70	11.99
Q3 2024	332.50	0.78	0.71	12.01

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	-	-	-	-
2019	-	-	-	-
2020	299.25	(0.32)	(0.32)	7.18
2021	299.25	2.46	1.21	9.67
2022	299.25	0.12	(0.51)	9.87
2023	299.25	0.22	0.04	12.63

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
Q1 2022	-	-	-
Q2 2022	-	-	-
Q3 2022	-	-	-
Q4 2022	-	-	-
Q1 2023	-	-	-
Q2 2023	-	-	-
Q3 2023	-	-	-
Q4 2023	-	-	-
Q1 2024	90.31	More than 100	4.87
Q2 2024	55.68	61.78	3.59
Q3 2024	61.17	67.78	3.98

Period	P/E	Adjusted P/E	Price/book
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-
2022	-	-	-
2023	-	-	-

Business Segments (Million)

Compared With The

Period	Broadcasting and Other Commercial Activities	Shahid	M&E Initiatives	MBC Studios	others	Eliminations
Q1 2023	551.28	172.46	185.34	-	-	-
Q2 2023	561.92	223.20	305.52	-	-	-
Q3 2023	353.81	197.23	98.31	-	-	-
Q1 2024	774.88	298.19	162.68	-	-	-
Q2 2024	565.66	259.14	139.07	-	-	-
Q3 2024	430.36	248.35	78.37	-	-	-

Period	Broadcasting and Other Commercial Activities	Shahid	M&E Initiatives	MBC Studios	others	Eliminations
2020	1,751.13	219.80	-	154.43	254.84	(62.62)
2021	2,067.07	448.90	-	182.26	452.87	(305.63)
2022	2,034.42	701.16	-	548.94	532.09	(327.87)

Analysts Estimates (Million)

Item	Q3 2024 (e)	Q3 2024 (a)	Change‬
Average	80.80	9.06	(88.8 %)

Estimates vs Actual (Million)

Item	Q3 2024 (e)	Q3 2024 (a)	Change
SNB Capital	80.80	9.06	(88.8) %

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MBC Group earns SAR 221.1M in 9M; SAR 9.1M in Q3 2024

Financials (M)

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MBC Group Co. (MBC GROUP)

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MBC Group earns SAR 221.1M in 9M; SAR 9.1M in Q3 2024

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

MBC Group Co. (MBC GROUP)

Financial Ratios

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q3 2024

Revenue by Business Segment (Latest) 2024 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

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