MILAN (Reuters) – MFE-MediaforEurope, the commercial TV group of Italy’s Berlusconi family, said its outlook for 2025 remained “good” after reporting a 15% rise in 2024 full-year profit on the back of higher advertising sales.
MFE said preliminary net profit came in at 251 million euros ($262.67 million) in the 12 months ending in December, from 217 million euros the previous year.
Preliminary net profit strips out any contribution from MFE’s stake in German peer ProsiebenSat.1.
Milan-listed MFE, which operates TV businesses in Italy and Spain, said total revenue rose by 5% to 2.95 billion euros, boosted by advertising sales in its home market.
The group said 2025 has started on a positive note, with advertising sales up 1% in January on an annual basis.
($1 = 0.9556 euros)
(Reporting by Elvira Pollina, editing by Giulia Segreti)
