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Q3 Losses at SAR 69.62m

Q3 Losses at SAR 69.62m

The Saudi Research and Media Group’s losses surged to SAR 69.62 million in the third quarter of 2026, up 128.787% year on year, while revenue fell 2.42% to SAR 654.62 million. The company attributed the increase in losses to lower gross profit, driven by higher depreciation and amortization following the launch of Asharq channels from the King Abdullah Financial District, as well as the costs of transporting and broadcasting sporting events and higher marketing and financing expenses. In the first nine months of the year, losses reached SAR 34.85 million, compared with SAR 9.23 million in the same period a year earlier, while revenue rose 9.64% to SAR 2.19 billion.

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