JAKARTA – PT Media Nusantara Citra Tbk (MNCN) reported a 3.92% year-on-year (yoy) increase in net profit for 2024, reaching IDR 1.07 trillion.

According to its latest financial report, MNCN’s net profit growth was driven by a 21.19% rise in operating revenue, amounting to IDR 7.95 trillion.

The majority of MNCN's 2024 revenue came from advertising, contributing IDR 5.83 trillion. Revenue from content and Intellectual Property (IP) reached IDR 1.76 trillion, subscription revenue stood at IDR 714.81 billion, and other income totalled IDR 119.07 billion.

While advertising and other revenues declined by 11.92% and 13.2% respectively in 2024, content and IP revenue increased by 38.28%, and subscription income surged by 43.54%.

Data from IDNFinancials.com shows that MNCN’s total assets rose by 8.25% to IDR 24.64 trillion in 2024, with total equity amounting to IDR 22.58 trillion. (DH/KR/ZH)