02 Aug 2024
SUMMARY OF H1-2024 & Q2-2024 PT MEDIA NUSANTARA CITRA Tbk
PT Media Nusantara Citra Tbk (IDX: “MNCN” or “the Company”) reported its Q2-2024 revenue of Rp2,018 billion, up by 1% YoY from Rp2,004 billion in 2023. Although, non-digital revenue is still pressured for the quarter, other revenue line of the Company from digital and subscription have increased by 3% YoY and 51% YoY, respectively. Furthermore, net content revenue (3rd party content sales) has also seen a significant advancement. In H1-2024, total consolidated revenue has reached Rp4,346 billion, decreased by a mere 2% YoY from Rp4,446 billion in H1-2023.
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