Earnings Presentation Q2 2023
العربية -
Q2 2022
62,795
22,245 +
Q2 2023
85,040
Net Profit
127,684
48,178
175,862
First Half of 2022
First Half of 2023
al arabia achieved a net profit of SAR 85.0 Million during the second quarter of the year 2023, with an
increase rate of 35% year on year (YOY). This increase is attributed to the growth in revenues from
continuing operations by 12%.
The reason behind the increase in revenues is due to the growth in revenues of the outdoor
advertising segment by 12%. This resulted from al arabia's continuity and its leadership in digital
transformation operations. As this mainly contributed to the increase in the capacity of a larger
segment of clients and advertisers. Furthermore, the entry of each of the Jeddah Season, Hajj, and Eid
al-Adha had an impact on the increase in demand for advertising campaigns.
al arabia achieved a net profit of SAR 175.9 Million during the first half of the year 2023, with an
increased rate of 38% year on year (YOY), and this is due to the growth in revenues of the outdoor
and indoor advertising segments by 9% and 12%, respectively, al arabia's continuity and its
leadership in digital transformation operations also contributed to the increase in the capacity of a
larger segment of clients and advertisers.
Despite the increase in the company's operating expenses by 19% year on year (YOY), al arabia
maintained an increase in the profit margin levels compared to the same period of the previous year,
in alignment with what was mentioned in the guide upon IPO.
al arabia
17
All figures are in (Thousands) SAR
Earnings Presentation Q2 2023View entire presentation