Media Prima Berhad Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Media Prima Berhad (KLSE:MEDIA) Full Year 2024 Results

Key Financial Results

• Revenue: RM862.8m (down 12% from FY 2023).
• Net income: RM60.4m (up 40% from FY 2023).
• Profit margin: 7.0% (up from 4.4% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: RM0.054 (up from RM0.039 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Media Prima Berhad EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 195%.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Media industry in Asia.

Performance of the market in Malaysia.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Media Prima Berhad (of which 1 is a bit concerning!) you should know about.

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