Atresmedia Corporacion de Medios de Comunicacion (ATVDY) AI Stock Analysis

Atresmedia Corporacion de Medios de Comunicacion

(Other OTC:ATVDY)

Select Model

Rating:70Outperform

Price Target:$7.00▲(9.82% Upside)

Action:reiterated

Date:11/01/26

The score is primarily driven by solid financial strength—strong and improving free cash flow and a conservative leverage profile—tempered by weakening operating trends (declining revenue and compressed margins). Technicals are mixed/neutral and valuation is supported by a high dividend yield but constrained by a mid-range P/E.

Positive Factors

Conservative balance sheetManageable and improving leverage gives Atresmedia financial flexibility through changing media cycles. A solid equity base relative to debt can support continued investment in content and digital platforms while reducing the pressure that interest obligations place on operating cash flow.

Negative Factors

Declining revenueA declining top line can weaken the scale benefits of Atresmedia’s largely audience-driven business model and reduce the resources available for programming investment. If the trend persists, it may constrain growth across advertising, digital monetization, and content-related activities.

Atresmedia Corporacion de Medios de Comunicacion (ATVDY) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $1.32B
Dividend Yield: 7.68%
Average Volume (3M): 1,157
Price to Earnings (P/E): 22.6
Beta (1Y): 0.34
Revenue Growth: 7.85%
EPS Growth: -49.03%
Country: US
Employees: 2,647
Sector: Communication Services
Sector Strength: 60
Industry: Broadcasting

Atresmedia Corporacion de Medios de Comunicacion Business Overview & Revenue Model

Company Description

Atresmedia Corporación de Medios de Comunicación, S.A., an audiovisual company, engages in the television, radio, digital and multimedia development, cinema, and events organization businesses in Spain and internationally. It is involved in the creat...

How the Company Makes Money

Atresmedia primarily makes money by monetizing audience reach and content across television and digital channels. A core revenue stream is advertising sales on its free-to-air TV networks, where it sells commercial airtime and sponsorship packages to...

Atresmedia Corporacion de Medios de Comunicacion Earnings Call Summary

Earnings Call Date:Feb 25, 2026(Q4-2025)|% Change Since:9.14%|Next Earnings Date:Apr 29, 2025

Earnings Call SentimentNeutral

The call presents a mixed picture. Positives include clear audience leadership, strong radio performance, meaningful digital subscriber growth (AtresPlayer), healthy shareholder returns (EUR 146M dividends, 26% TSR), a positive net cash position at year‑end, and strategic M&A to diversify revenue. Offsetting these are meaningful declines in TV/audiovisual revenue, a sharp drop in EBITDA and net profit year‑on‑year, higher OpEx partly driven by perimeter additions and restructuring costs, pressure in digital advertising, and regulatory uncertainty around the Clear Channel acquisition. Management guidance targets margin recovery (~15% EBITDA margin) and stable revenues at constant perimeter, but near‑term advertising softness and integration/transaction timing risks keep the outlook cautious.

Positive Updates

Audience Leadership Across TV and Digital

Atresmedia remained the sector leader in audience for the fifth consecutive year with a TV market share of 26.1% (overall market share cited ~28.15% including premium), widening the gap vs. its main commercial competitor. Digital reach includes ~22.6 million average (web/portal traffic) and AtresPlayer leadership in AVOD/SVOD.

Negative Updates

TV/Audiovisual Revenue Decline

Audiovisual revenue experienced a material decline (-EUR 49M year‑on‑year) with TV advertising down (cited ~-4.4% in the market). Overall audiovisual segment weakness was the main driver of the company’s lower profitability.

Company Guidance

Management guided 2026 assuming the audiovisual advertising market will be roughly flat, radio revenue growth of c.2–3%, and outdoor growth of c.5–6%, leading to broadly stable total revenues at constant perimeter (with additional contribution from Last Lap and the expected Clear Channel integration); they forecast an EBITDA margin around 15% and to finish 2026 with a net financial position of about -€25m (after dividend payments and the Clear Channel cash outlay), while awaiting a ~€45m tax cash‑in in H1. The Board approved a complementary dividend of €47m (€0.21/share), January–February ad spend was down c.5% but better than feared, and management reiterated continued cost discipline (including a 136‑person voluntary redundancy) amid ongoing macro and regulatory uncertainty.

Atresmedia Corporacion de Medios de Comunicacion Financial Statement Overview

Summary

Fundamentals are supported by a conservative balance sheet (debt-to-equity ~0.28) and strong, improving free cash flow (TTM FCF ~€124M, up ~15.2%). Offsetting this, revenue is declining (-2.8%) and operating profitability has compressed versus 2023–2024, keeping the score in the mid-range rather than higher.

Income Statement

62Positive

Balance Sheet

76Positive

Cash Flow

81Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	845.48M	893.75M	918.95M	886.11M	867.29M	877.87M
Gross Profit	156.55M	469.87M	466.08M	315.16M	484.50M	482.30M
EBITDA	93.04M	108.80M	187.08M	175.93M	177.95M	183.37M
Net Income	54.68M	62.11M	120.28M	171.16M	112.91M	118.54M
Balance Sheet
Total Assets	1.54B	1.48B	1.50B	1.46B	1.51B	1.41B
Cash, Cash Equivalents and Short-Term Investments	272.51M	270.00M	314.78M	206.55M	262.82M	286.54M
Total Debt	203.48M	199.29M	190.21M	208.57M	281.84M	278.77M
Total Liabilities	730.78M	745.49M	673.38M	703.74M	823.84M	864.01M
Stockholders Equity	810.62M	732.91M	830.10M	759.98M	685.13M	548.17M
Cash Flow
Free Cash Flow	124.28M	65.57M	165.71M	137.26M	104.20M	176.19M
Operating Cash Flow	155.82M	81.55M	186.72M	167.04M	124.18M	193.77M
Investing Cash Flow	-56.22M	-20.85M	33.04M	45.20M	-106.66M	-37.34M
Financing Cash Flow	-48.41M	-112.76M	-118.56M	-182.64M	-109.57M	-61.22M

Atresmedia Corporacion de Medios de Comunicacion Technical Analysis

Technical Analysis SentimentPositive

Last Price6.37

Price Trends

50DMA6.29Positive

100DMA6.01Positive

200DMA5.88Positive

Market Momentum

MACD0.04Positive

RSI47.12Neutral

STOCH1.01Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATVDY, the sentiment is Positive. The current price of 6.37 is below the 20-day moving average (MA) of 6.47, above the 50-day MA of 6.29, and above the 200-day MA of 5.88, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 47.12 is Neutral, neither overbought nor oversold. The STOCH value of 1.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ATVDY.

Atresmedia Corporacion de Medios de Comunicacion Peers Comparison

Overall Rating

UnderperformOutperform

Sector (60)

Financial Indicators

ATVDY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GTN	75Outperform	$494.28M	-9.55	-0.94%	7.13%	-11.30%	-138.09%
ATVDY	70Outperform	$1.44B	22.62	7.09%	7.68%	7.85%	-49.03%
Sector *	60Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
EVC	58Neutral	$562.04M	152.25	6.98%	3.28%	71.38%	―
SBGI	58Neutral	$925.67M	16.72	12.71%	7.81%	-6.46%	-6.68%
NXST	47Neutral	$5.28B	30.40	8.56%	4.34%	10.51%	-72.98%
SSP	41Neutral	$242.79M	-0.19	-127.81%	―	-14.18%	-2948.71%

* Communication Services Sector Average

Performance Comparison

ATVDY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
ATVDY	Atresmedia Corporacion De Medios De Comunicacion Sa	6.37	0.62	10.85%
SSP	E. W. Scripps Company Class A	2.62	0.27	11.49%
EVC	Entravision Communications Corporation Class A	6.09	4.19	219.85%
GTN	Gray Media Inc	4.49	0.20	4.56%
NXST	Nexstar Media Group	171.44	-16.59	-8.82%
SBGI	Sinclair Broadcast Group	12.80	0.05	0.38%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 01, 2026

Atresmedia Corporacion de Medios de Comunicacion AI Stock Analysis