Gruppo 24 Ore, advertising grows (+1.1%)
Il 24 Hour group closes the first quarter of 2023 in positive. In the first three months of the year, the group recorded revenues consolidated equal to 48.9 million euros, up 3.3%, a Ebitda positive for 5.4 million, an improvement of 3.6 million, and a Net income positive for €0.4 million against the loss of €3.5 million recorded in the first three months of 2022.
In period i publishing revenue recorded a slight reduction, -0.3% to 24.4 million: the lower revenues generated by the sale of the paper newspaper were largely offset by the increase in turnover deriving from digital subscriptions to the newspaper and to the website.
I circulation revenues newspapers (print + digital) amounted to 10.2 million (-1.3%). Of these, the digital newspaper is worth 4.9 million (+3.9%), the paper 5.2 million (-5.7%) compared to 2022. The agency Radiocor Plus records revenues of 1.8 million, up 9%.
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