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2026-11-10T08:05:22.994Z

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MBC posts Q3 loss

MBC posts Q3 loss

MBC Group reported a net loss attributable to shareholders of SAR 445.26 million in the third quarter of 2026, compared with a profit of SAR 19.74 million a year earlier. Its loss widened from SAR 262.533 million in the second quarter. The company attributed the decline mainly to a SAR 333 million drop in investment profits and an SAR 86 million fall in operating profit, amid lower advertising revenues and the expiry of certain broadcasting and technical-services contracts. The decline was partly offset by a SAR 29 million increase in profits from MBC Shahid, driven by higher subscriber revenues. For the first nine months of 2026, the company recorded a loss of SAR 509.8 million, compared with a profit of SAR 402.557 million in the same period a year earlier. The result was affected by a SAR 628 million drop in investment profits and an SAR 877 million decline in revenues.

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