Middle East Broadcaster MBC Group Posts 28.5% Revenue Jump as Streaming Side Expands [Yahoo! Finance]
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Source: Yahoo! Finance
year 2025, and an 8.1% yearly net profit to SR 437.5 million ($116.66 million) boosted by double-digit growth of its Shahid streaming service. MBC, which besides Shahid operates 19 free-to-air channels across the Middle East and North Africa, came under direct Saudi ownership last September when Saudi Arabia's Public Investment Fund (PIF) acquired a 54% stake for roughly $2 billion. In a statement, MBC Group chairman Waleed Al Ibrahim called the deal, under which PIF has become its majority shareholder, “a defining milestone in the Group's evolution, reinforcing alignment with national priorities and establishing a stable, long-term ownership framework anchored in the Kingdom's long-term economic vision.” He also said the group's 2025 results reflect “the strength and resilience of our operating model and the relevance of our assets across broadcasting, digital platforms and production.” More from Variety MBC Group's Shahid, Disney+ and Middle East Streamer OSN+ Unite in Groun
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