Open Data Albania has examined the revenue and profit, for the year 2022, of the business company licensed as audiovisual media. Based on the International Accounting (IAS) and Financial Reporting Standards, revenue is the gross receipt of an economic return during a certain economic period, which is a common activity for an economic pension.
The data used for research purposes were obtained from the National Business Center (NBC) and only include statistics concerning companies with an active License and NUIS.
In September 2023, from the total of 44 companies licensed as audiovisual media, only 39 emerge with an active Licence and NUIS. Agon Channel and A1 Report turn out to have a revoked license, whereas Glob Tv is a natural person nd Channel 7, non-active company. Likewise, the Public Operator Albanian Radio Television does not sumit its Balance Sheets in the National Business Center, being a public entity not registered for commercial activity.
Table: Active entities licensed by the AMA as Audiovisual Media, October 2023
Source: National Bussiness Center,Subjects Extracts; Open Corporates Albania
Comments and Analyses: Open Data Albania
Twenty-nine media businesses from the total number of active licensed companies have submitted their financial statements for 2022. The total revenue generated by the activity of the 29 medisa in question amounts to ALL 9.54 billion, a decrease of 11% in relation to the total income from a year ago, by the same subjects.
On the other hand, as regards the profit before tax for these audiovisual entities, the outcome of media businesses with a negative balance (loss) is higher than the total value of those operating with profit for 2022. Specifically, the difference is of about ALL 822 million and it rather deepened compared to the year 2021, whereas for the same media businesses, those with a negative outcome lost about ALL 342 million more than the companies making a profit.
Source: National Bussiness Center,Subjects Extracts; Open Corporates Albania
Comments and Analyses: Open Data Albania
Digitalb continues to be the media business with the highest revenue generation for 2022 as well, with a revenue of about ALL 3.34 billion. In second and third position, maintaining the same ranking as the previous accounting period, are Tv Klan and Top Channel, with income from their activities amounting to around 2.1 billion ALL and 1.4 billion ALL respectively.
Jointly, Digitalb, Top Channel and Tv Klan have attracted over 70% of the annual revenue in the audiovisual media market for 2022.
In forth place, Vizion+ has climbed three places compared to 2021, raporting annual revenue in the amount of ALL 436 milion . It is followed by A2 who collected ALL 415 milion in revenues (climbing one spot from 2021). News 24 has fallen from the previous year’s position, ranking sixth with revenues in the amount of ALL 347 milion, followrd by ABC News, who lost three spots, with 346 milion revenues in 2022.
Report Tv and Euro News have maintained the same ranking, with respectively ALL 300 million and ALL 216 million of revenue generated during 2022. Next comes Syri Tv in the tenth place, with ALL 146 milion të ardhura, duke u ngjitur me një pozicion.
The further ranking of business companies licensed as audiovisual media, by revenue generated in 2022, is the following: Ora television, Scan Tv, Fax News, ADTN, Ora News, Tv Kukësi, etj.
Companies that have generated no revenues during 2022 are: Tema Tv, City News Albania HD dhe In Tv.
Source: National Bussiness Center,Subjects Extracts; Open Corporates Albania
Comments and Analyses: Open Data Albania
Source: National Bussiness Center,Subjects Extracts; Open Corporates Albania
Comments and Analyses: Open Data Albania
Source: National Bussiness Center,Subjects Extracts; Open Corporates Albania
Comments and Analyses: Open Data Albania
Digitalb continues to be the media business with the highest revenue generation for 2022 as well, with a revenue of about ALL 3.34 billion. In second and third position, maintaining the same ranking as the previous accounting period, are Tv Klan and Top Channel, with income from their activities amounting to around 2.1 billion ALL and 1.4 billion ALL respectively.
Jointly, Digitalb, Top Channel and Tv Klan have attracted over 70% of the annual revenue in the audiovisual media market for 2022.
In forth place, Vizion+ has climbed three places compared to 2021, raporting annual revenue in the amount of ALL 436 milion . It is followed by A2 who collected ALL 415 milion in revenues (climbing one spot from 2021). News 24 has fallen from the previous year’s position, ranking sixth with revenues in the amount of ALL 347 milion, followrd by ABC News, who lost three spots, with 346 milion revenues in 2022.
Report Tv and Euro News have maintained the same ranking, with respectively ALL 300 million and ALL 216 million of revenue generated during 2022. Next comes Syri Tv in the tenth place, with ALL 146 milion të ardhura, duke u ngjitur me një pozicion.
The further ranking of business companies licensed as audiovisual media, by revenue generated in 2022, is the following: Ora television, Scan Tv, Fax News, ADTN, Ora News, Tv Kukësi, etj.
Companies that have generated no revenues during 2022 are: Tema Tv, City News Albania HD dhe In Tv.
Source: National Bussiness Center,Subjects Extracts; Open Corporates Albania
Comments and Analyses: Open Data Albania
Source: National Bussiness Center,Subjects Extracts; Open Corporates Albania
Comments and Analyses: Open Data Albania
In relation to revenues, televisions achieving the highest profit margin before tax are 6+1, with a 66.7% margin. Ranked second is ADTN with a profit margin of 12.1%, followrd by Tv Klan with 7.4%.
Next is Report Tv, who reports a 7% gross profit margin, whereas Top Channel closed the year with a 4.1% margin. A profitability margin over 1% was also reported by Tv Apollon, Tv Mati, Club Tv, Vizion+, A2, Tv Kukësi and Premium Channel. Other companies report negative gross profit margin for 2022.
For more details, regarding every business company licensed as audiovisual media, you can access our Open Corporates Albania, an open data database, containing Bussiness Passports with and easy-to-read and well structured information regarding the founding, object of activity, shareholders over the years, capital origin, legal issues and economic performance, in the objektin e aktivitetit, aksionarët ndër vite, origjinën e kapitalit, çështjet ligjore dhe performancën ekonomike, Media Companies Section.
Download excel: Audiovisual Media companies 2022 Revenue and ProfitComments and Analyses: Open Data Albania
Contributed by: Pajtim Nikolli
Translated by: Rezarta Cushaj
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