Earnings Presentation Q2 2023 slide image

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 2023
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