RCS MediaGroup returns in profit for 46.6 million in the first 9 months of 2021, + 23.6% revenues. The publishing group led by Urgano Cairo reported a net profit of 46.6 million from a loss of 7.6 million in the same period of 2020. Revenues stood at 610 million, an increase of 116.3 million compared to first nine months of 2020 (+ 23.6%). Ebitda for the first nine months was positive for 92.1 million, an increase of 64.4 million compared to the same period of 2020 (+27.7 million), due to the growth in revenues to 92.1 million (27, 7 million in 2020). The company reports an increase in digital subscriptions in both Italy and Spain.
“We are very satisfied with the results of the first nine months of the Group, which confirm a particularly positive trend, also attested by the reduction in net financial debt to approximately € 14.8 million. Corriere della Sera is confirmed as the first Italian newspaper on newsstands, with great performances on digital, like all the newspapers of the Group “, commented Urbano Cairo, president and CEO of RCS MediaGroup.