MBC Group, a privately owned Saudi Arabian media conglomerate founded in 1991, is headquartered in the UAE. Employing approximately 2000 people, the company's primary business is broadcast television and radio. In 2022, MBC Group reported revenues of approximately $1 billion. Its operations span multiple international locations and include a range of free-to-air satellite television channels and the Shahid online streaming platform.
MBC Group reported net profits of SAR 426.13 million in 2024, a 2327% increase year-on-year from SAR 17.55 million in 2023. Revenues increased by 145.11% to SAR 4.19 billion in 2024 from SAR 1.71 billion in 2023. Another report stated that full-year revenue grew by 13.1% year-on-year to SAR 4.2 billion in 2024, driven by strong performance in the Broadcasting and Other Commercial Activities segment and increased advertising and subscription income from Shahid. A further report indicated that MBC Group's fiscal year sales reached SAR 4.20 billion, and net profit reached SAR 426.1 million. A final report stated that 2024 revenues were approximately SAR 4.2 billion, a 13.1% increase year-on-year, and net profit increased by 515.2% to SAR 426.1 million.
MBC Group offers 2 products in the media and telecoms services industry. MBC Group's product portfolio comprises of broadcast television and radio and streaming services.
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MBC Group's revenues were over $1B in 2022. Caretta Research has split MBC Group's revenue into 2 different product categories, the largest of which is linear (thematic channel groups). For full access to MBC Group's revenue breakdown subscribe to Caretta Portal.
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