Macquarie Media’s profits fall by 39%, despite revenue climb

Macquarie Media’s net profit after tax and earnings before tax, interest, depreciation and amortisation (EBITDA) both fell by more than 30%, according to the 2018 half year figures released yesterday.

While revenue increased from $67.265m in the 2017 half year to $68.476m (2%), EBITDA fell by 32% to $9.236m as radio broadcasting licence values were written down by $34m.

Macquarie Media’s latest financial results see a massive decline in reported EBITDA and NPAT. Source: ASX