MBC Group Posts 509.8M SAR Nine-Month Loss
Riyadh, Saudi Arabia — MBC Group swung to a net loss of 509.8 million SAR in the first nine months of 2026, compared to a profit of 402.6 million SAR in the same period a year earlier. The reversal — a 912 million SAR year-over-year swing — was driven by a sharp drop in advertising […] The post MBC Group Posts 509.8M SAR Nine-Month Loss appeared first on The Saudi Standard .
Riyadh, Saudi Arabia — MBC Group experienced a substantial 509.8 million SAR net loss in the first nine months of 2026, marking a stark contrast to the 402.6 million SAR profit in the same period last year. The loss surge, representing a 912 million SAR year-over-year decline, stemmed from plummeting advertising revenues and sizable unrealized losses on financial investments.
Overall revenue dipped by 22.8% to 2.96 billion SAR, down from 3.84 billion SAR in the preceding period. Gross profit slid by nearly the same percentage, falling to 857.4 million SAR from 1.11 billion SAR. Operating profit plummeted 60.8% to 133.9 million SAR, while loss per share widened to 1.53 SAR from a gain of 1.21 SAR a year earlier.
The third quarter alone saw a net loss of 445.3 million SAR, compared to a profit of 19.7 million SAR in Q3 2025, a 465 million SAR downturn on a year-over-year basis. Q2 2026 saw a widening of the net loss by 183 million SAR compared to the previous quarter.
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