Saudi Research and Media Group Third Quarter 2024 Earnings: EPS: ر.س1.86 (vs ر.س3.11 in 3Q 2023)

Saudi Research and Media Group (TADAWUL:4210) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س850.9m (down 19% from 3Q 2023).
• Net income: ر.س148.5m (down 40% from 3Q 2023).
• Profit margin: 17% (down from 24% in 3Q 2023).
• EPS: ر.س1.86 (down from ر.س3.11 in 3Q 2023).

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

Saudi Research and Media Group Earnings Insights

Looking ahead, revenue is forecast to grow 19% 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 Saudi Arabia.

The company's shares are down 5.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Saudi Research and Media Group that we have uncovered.

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