Revenues, margins, in strong growth for RCS, Corriere della Sera group, in the first nine months of the year. Calculations as of September 30 show a net result of 46.6 million and further reduction in debt of less than 15 million euros (14.8 million) from 59.6 at the end of 2020 and from more than 400 five years ago. Revenue was 610 million, up 23.6% over the same period in 2020. (Digital revenue represents 23%). EBITDA (gross operating margin) more than tripled, from €27.7 million to €92.1 million. The board then announced the entry of the same board of directors, Giuseppe Ferrauto, Director of Strategic Responsibility at Cairo Communications and President of RCS Local Editions. This appointment follows the resignation of Gaetano Miccich.
We are very satisfied with the results of the first nine months, which confirms a particularly positive trend, also attested by the reduction in net financial debt – commented President, CEO and Publisher Urbano Cairo – Il Corriere was confirmed as the first Italian newspaper on newsstands, with a significant performance on the digital level, Like all group newspapers. And with pleasure, finally, we welcome Giuseppe Ferrarotto, a longtime professional in the Italian publishing scene, to the Board of Directors.”
Advertising on RCS online media in the first nine months grew by 31.5% in Italy and by 45% in Spain. As already mentioned, Corriere della Sera was confirmed as the first Italian newspaper on newsstands and with a total active digital customer base at the end of September 2021 of 346 thousand subscriptions. The digital customer base for paid Gazzetta dello Sport products, according to a note, is equal to 78 thousand subscriptions.
RCS is the first online publisher in August 2021 with a total number of over 33 million unique monthly users (net frequency). Digital subscriptions are also growing strongly in Spain: 73,000 in El Mundo and 36,000 to expand at the end of September 2021.
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