PT Media Nusantara Citra Tbk (IDX: "MNCN" or "the Company") announced its revenue for the first nine months of 2024 at Rp5,967 billion, reflecting a slight decrease of 1% YoY from Rp6,048 billion in the same period of 2023. In Q3-2024, revenue rose by 1% YoY to Rp1,621 billion.

MNCN reported a 2% YoY rise in digital revenue, reaching Rp1,947 billion for 9M-2024. This growth was driven by strong performance across its digital platforms, including the AVOD superapp RCTI+, online portals via iNews Media Group, and earnings from social media. To add, starting in November 2024, there will be an incremental advertisement revenue of FTA channels on RCTI+, as the Company has integrated sales effort in selling ads inventory, bundled between FTA TV platform & RCTI+ and new ads inventory as a stand-alone slots on RCTI+.