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MBN reports Q2 loss of 262.53M riyals
The financial results of MBC Group showed a shift from profitability to losses during the second quarter of 2026, recording a net loss of 262.53 million riyals, compared to a net profit of 151.013 million riyals in the same period last year. The primary reason for this decline is a decrease in financial investment gains by 348 million riyals due to unrealized losses related to changes in fair value of investments, in addition to a revenue decline of 280 million riyals resulting from lower revenues in the broadcasting and advertising sectors due to geopolitical tensions, the termination of some broadcasting and technical services contracts. Conversely, revenues from the "MBC Shahid" segment increased by 60 million riyals as a result of higher subscriptions, while revenues from the media and entertainment initiatives segment decreased by 44 million riyals due to timing differences in project deliveries.
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