MBSc Reports Q2 Loss of 262.53M Riyals
MBC Group announced a net loss of 262.53 million Riyals in the second quarter of 2026, compared to a profit of 151.01 million Riyals in the same period last year. The company attributed this decline to a drop in investment earnings due to unrealized losses stemming from changes in fair value, as well as a decrease in advertising revenues resulting from geopolitical tensions and the expiration of some broadcasting and technical services contracts. Despite this, the revenue of the "MBC Shahid" segment increased by 60 million Riyals due to a rise in subscribers, while revenues from the broadcasting, media, and entertainment sectors declined by approximately 44 million Riyals.
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