Atresmedia Corporacion de Medios de Comunicacion SA (XMAD:A3M)
€ 4.7 -0.04 (-0.84%) Market Cap: 1.06 Bil Enterprise Value: 987.78 Mil PE Ratio: 5.83 PB Ratio: 1.35 GF Score: 88/100
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Nine Months 2019 Atresmedia Corporacion de Medios de Comunicacion SA Earnings Call Transcript

Oct 24, 2019 / 11:00AM GMT
Release Date Price: €3.63 (-1.89%)
David Gómez Baquero
Atresmedia Corporación de Medios de Comunicación, S.A. - Director of IR

Hi, good afternoon. Welcome to this conference call in which we are presenting the first 9 months of 2019 results. As usual, conference call will be hosted by Silvio González, who will go through the main highlights of the period, and then we will move into the Q&A session. So without further delay, please, Silvio.

Silvio JosÃ;GonzÃ;lez Moreno
Atresmedia Corporación de Medios de Comunicación, S.A. - CEO, MD & Executive Director

©¡ -

So good morning. Let's begin with the advertising market. And according to external sources, you can see that the advertising market, as an overall, has been down by 3%. And talking about the relevant markets for Atresmedia, this is the television, advertising market is down by 6% during the first 9 months. It is true that if you take out the effect that we have here with the World Championship and the Champions League, which could mean something like 1 point, 1.5. So in a like-for-like, the market

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