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MBC 9-Month 2026 Results
MBC Group announced that its revenue for the first nine months of 2026 reached SAR 3 billion, down 22.8% year on year, amid a weaker advertising market and the expiry of major contracts. Gross profit totaled SAR 857.4 million. The group reported a net loss of SAR 483 million, mainly due to SAR 575.5 million in losses from revaluing its investment in Al Arabia for Technical Services. Adjusted net profit, meanwhile, stood at SAR 95.7 million. By contrast, Shahid’s revenue rose 15.9% to SAR 1.2 billion, and the platform recorded a net profit of SAR 57.3 million. Management expects Shahid to be profitable for the full year 2026.
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