Agora media seen with PLN 12.3 mln net loss in Q2 2024

Listed media group Agora's attributable net loss in the second quarter of 2024 amounted to PLN 12.3 million (EUR 2.9 mln) versus an attributable net profit of PLN 6.9 million (EUR 1.6 mln) a year before, the group said in a financial report. Analysts surveyed by PAP Biznes expected a net loss ranging from PLN 13.9 to 18 million (EUR 3.3 to 4.2 mln).

The group's operating profit amounted to PLN 12.5 million (EUR 2.9 mln) in the second quarter of 2024 versus a profit of PLN 0.7 million (EUR 163,428) a year prior. The analysts expected an operating loss between PLN 1.2 and 4.2 million (EUR 0.3 to 0.9 mln).

EBITDA increased by 27 percent year on year to PLN 56.9 million (EUR 13.3 mln), versus an expected range of PLN 16 to 40 million (EUR 3.7 to 9.3 mln).

Agora group's revenue grew by 3.2 percent to PLN 337.5 million (EUR 78.8 mln) versus the expected range of PLN 335 to 337 million (EUR 78.2 to 78.7 mln).

epo/ mik/ han/