Saudi Research and Media Group Full Year 2024 Earnings: Misses Expectations

Simply Wall St

Saudi Research and Media Group (TADAWUL:4210) Full Year 2024 Results

Key Financial Results

  • Revenue: ر.س3.26b (down 13% from FY 2023).
  • Net income: ر.س201.7m (down 64% from FY 2023).
  • Profit margin: 6.2% (down from 15% in FY 2023).
  • EPS: ر.س2.52 (down from ر.س7.00 in FY 2023).

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SASE:4210 Revenue and Expenses Breakdown April 1st 2025

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

Saudi Research and Media Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 49%.

The primary driver behind last 12 months revenue was the Publishing,Visual and Digital Content segment contributing a total revenue of ر.س2.12b (65% of total revenue). Notably, cost of sales worth ر.س2.41b amounted to 74% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to ر.س419.7m (65% of total expenses). Explore how 4210's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Media industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 1.6% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Saudi Research and Media Group, and understanding these should be part of your investment process.

Valuation is complex, but we're here to simplify it.

Discover if Saudi Research and Media Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.